A simple EUR/USD trading plan that might work!
EUR/USD hasn’t closed at 1.3350 or lower for a year. While that may be a good reason to trade long, forex trading is also about having a plan for exiting.
EUR/USD hasn’t closed at 1.3350 or lower for almost a year. That is a fact. And based on this fact, I am planning on going long. Continue reading for the most simple, almost naive approach to forex trading.
I am not an active forex trader. As a matter of fact, I do not trade regularly any more, due to lack of time. Yet, from time to time I scan the forex charts, looking for a promising setup. This one on EUR/USD chart I’d say is safe that promising. For one good reason:
EUR/USD hasn’t closed below 1.3350 for almost a year.
Yes, I like repeating myself, because you are likely reading this post in fast-forward and I need you to, at least read the line above. After all, it’s the article’s main point.
Today, Euro is trading for 1.3380 US dollars.
Continue reading my original post at TradingGraphs.com