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Goodmorning House,Great day to be alive and in the markets. Being a newbie, i came into this contest with wrong expectations.:expecting to make 800% returns monthly in order to stand a chance for prizes. This led me to trade haphazardly. But after reading the aims and objectives of the contest my outlook is changed. i havedecided to be myself and stick to my strategy. the way i trade my live account.here on out i will be specializing in the eurusd. 20pips stops swinging for 60 to 200pips takeprofit.Heres my analysis and trade plan for my next trades. the euro is in a strong bear trend, but its unattractive for new sells at current prices.so expect a retarace to around 1.2570/80 or 1.2615 area for a new swing short aiming for new yearly lows.heres the path i expect for the eurusd. expect price to get to 1.2530/40ish. followed by a retest of Previous low @ 1.2500/1.2510 this should allow bulls reload longs for a weak rally towards. 1.2570/1.2580/1.2615. my trades plan. Buy eurusd around 1.2510Sell around 1.2570/80 or 1.1615 . Where i sell will depend on price action. Have a great day all
NB. still learning to use the chart tools. bear with me. thanks
NB. still learning to use the chart tools. bear with me. thanks
