EUR/USD Trade Idea

EUR/USD Trade Idea

12 May 2016, 14:09
Roberto Jacobs
0
10

EUR/USD Trade Idea

EUR/USD Bottom 1.1365, down 10 pips overnight from 1.1375. Range break above 1.1721, 1.1886, 1.1979.

Range break below 1.1131, 1.0977, 1.0892. Target 1.1486, down 5 pips overnight from 1.1491. Failure point 1.1442, down 8 pips overnight from 1.1450.

Levels on the way up, 1.1426, 1.1435, 1.1442, 1.1449, 1.1464, 1.1486 Target.

Shorts below 1.1421, Target 1.1393, 1.1379, 1.1365 Bottom. Big levels on the way down, 1.1386.

The model parameters allow every aspect from ranges, trade able levels, to targets and bottoms to become known. No stops required as parameters are well covered for the day. News announcements are factored inside the price parameters. Most important is trades are done in 1 - 2 hourly candles. How perfect is this particular model? Ask yourself what the ECB is trading today.


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