• We've been in a strong consolidation for this pair. As of right now we are expecting price to reach it's previous high area (also the consolidation area high). We've recently seen that price had a major drop (due to news). However, price failed to make a new lower-low, which gave me indication that we can still see more upside to be expected with this pair. We do have a few news coming out for the EURO as well for the US Dollar. Everything indicates that they can potentially impulse our movement to the upside.
• This trade was placed around the middle of the trading week, with a pretty big T/P approach. I'm not expecting this pair to reach it's potential T/P until maybe the middle of next week, as we are having a pretty ambitious area of profit. Overall everything is indicating that we will manage to get our potential upside.
• If we were to fail to reach our target and this becomes a losing trade we will lose -0.70% of our account. If we lose this trade and we break our Weekly's previous low. I will wait to see if price can re-test that area and maybe I will be looking for potential -SELLS- if that were to happen. However; I'm pretty confident with our analysis on target as of right now. Our trade was entered on a ambitious attempt on our 6H chart.
• This trade was placed around the middle of the trading week, with a pretty big T/P approach. I'm not expecting this pair to reach it's potential T/P until maybe the middle of next week, as we are having a pretty ambitious area of profit. Overall everything is indicating that we will manage to get our potential upside.
• If we were to fail to reach our target and this becomes a losing trade we will lose -0.70% of our account. If we lose this trade and we break our Weekly's previous low. I will wait to see if price can re-test that area and maybe I will be looking for potential -SELLS- if that were to happen. However; I'm pretty confident with our analysis on target as of right now. Our trade was entered on a ambitious attempt on our 6H chart.