Instrument: EURUSD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1.21986 with take profit at 1.22088.
Bearish Preference:
Sell position is envisaged if price trades below 1.21862 with take profit at 1.21758.
Fundamentals:
ALL DAY: EUR. French Bank Holiday
Comment: The Euro has a mostly positive turn through the middle of May, even if the headline stats don’t appear so. Even though four EUR-crosses gained and three EUR-crosses fell, the bias was towards the upside: the average loss was -0.10%, while the average gain was +0.81%. If anything, it appears that the Euro is consolidating after a strong run higher against the safe havens, while volatility in global equity markets is giving traders a reason to take their foot off the pedal when it comes to the commodity currencies.
We may expect a more bearish run due to bank holiday in the EUR zone.
Analysis: SCRUM Team
Pls how do I get a a video here on the different between buy stop, buy limit; sell stop and sell limit and how we use them in trading sir?
Check this video from the CFTP Course
https://www.rally.academy/courses/classic-financial-trading-program-tabtab-overview/lessons/video-3/