EurUSD, potential reversal

From yesterday, today and the days ahead, we do not see much economic news being scheduled. While this makes trade planning more difficult, the prudent thing will be to follow the trend (up to key levels), identify potential events which could trigger a short/medium term reversal.

Yesterday we see the USD weaken across the major currency pairs, with the move reversing today.
Biggest reversal so far is in the GBPUSD, dropping 120pips so far.

Several trades indicating continual reversal (technical play) but as all counter trend trades, exercise extreme caution.

Kommentera:

a better managed stoploss would have made this a perfect trade setup

another example to use these setups as trade ideas, rather than trade signals