(EUR/USD and GBP/USD) Buruguduy's Ideas - Discretionary Trading Style
Looks interesting.
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long time lurker here, so I think it's about time i post some trade ideas... here's my first one...
it's mostly technicals based, but you can also say that the Fed's larger-than-expected QE2 program will continue to keep traders bearish on the dollar.
the swing low of my fib is last week's low and the swing high is last week's high... there are some "spinning tops" around the 50% fib, so i think we may see price head higher again. stochastic also confirm the pair is oversold.
so i bought at 1.6130 with a 100 pip stop. i am aiming for 1.6230 and 1.6295. i have a risk of 1%.