Hello Traders, Thank you for joining me once more!
This week I have shifted my focus onto the EUR USD, reason for that is simply because I observed the accumulation period through out last week that it went through. As we all know the US has been printing massive amounts of new currency and the covid cases have been spiking everyday. The euro is setup to gain momentum ahead of a fresh new budget proposal which I feel will go very well. I have personally already opened a long position before market closing on Friday July 3rd, this trade can move quickly but it can also take its time through out the week to develop and reach my target of 1.15, when that target is met I will be looking for shorts as 1.15 is a very critical key level and respected resistance. Cheers to a new week and I wish you all much prosperity in your trading.
PS: I gladly welcome comments and likes!!!
This week I have shifted my focus onto the EUR USD, reason for that is simply because I observed the accumulation period through out last week that it went through. As we all know the US has been printing massive amounts of new currency and the covid cases have been spiking everyday. The euro is setup to gain momentum ahead of a fresh new budget proposal which I feel will go very well. I have personally already opened a long position before market closing on Friday July 3rd, this trade can move quickly but it can also take its time through out the week to develop and reach my target of 1.15, when that target is met I will be looking for shorts as 1.15 is a very critical key level and respected resistance. Cheers to a new week and I wish you all much prosperity in your trading.
PS: I gladly welcome comments and likes!!!