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