Let me start by saying this the USD is proving to be weak going into the this weekend and I think it will struggle without a catalyst driving it. So from looking at this purely from a Stochastic and pivot point mindset the daily is in the BIY zone the 2hr is in the BUY zone right now and it has broken a CTL. Here are your 2 options. Scalp the market to 1.1300 take profit and wait for a retracement on Sunday or Buy at market now and hold to the daily D ext at 1.1450 which means you would have a 1 to 2.5 risk reward ratio on this pair.
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Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
If you agree PUNCH the LIKE button and UPPERCUT to FOLLOW button. Here at Carter Kyle Capital we are the Fighters of Financial Freedom helping 1 trader at a time.
What are YOU fighting for? bit.ly/carterkylecapyoutube
Trading FOREX on margin carries a high level of risk, and may not be suitable for everyone. Past performance is not indicative of future results. Carter Kyle Capital will not accept liability for any loss or damage directly or indirectly from reliance of information.
