Hey guys,
as we are bearish the USDX we are considering buying the eurusd at around 1.07 with a stop loss at around 1.06256 and an initial target of around 1.10 which allows us to have a risk to reward of around 3.11.
Our own calculated Intermarket indications also supported our idea of higher EURUSD. Let's see!
This trade is a trend trade. BUT why we took the position is because of structure and Intermarket reasons, so we didn't just buy it randomly there is a strategy and structure technique behind it. For more see our signature.
Never risk more than 1% on each trade and use always a tested strategy. Never overleverage as you will eventually lose your account!
Cheers