EURUSD - staying away from this breakout
In the past couple of moths the euro was breaking to the south. However USD is getting dovish tones from Fed and the economy. This current situation is way too 50-50% for me to take part.
Risk event: Wed, EU CPI data -> if softer, euro will suffer
Trade plan
- wait for the direction of the breakout
- if clear fake out signal appears -> trade it
- otherwise, wait for backtest and then enter into position
Risk event: Wed, EU CPI data -> if softer, euro will suffer
Trade plan
- wait for the direction of the breakout
- if clear fake out signal appears -> trade it
- otherwise, wait for backtest and then enter into position
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