Fundamentals:
Bearish USD fundamentals as mentioned in previous posts
Technicals:
D1 downtrend, bearish gartley, price approaching resistance
Bearish USD fundamentals as mentioned in previous posts
Technicals:
D1 downtrend, bearish gartley, price approaching resistance
As part of proper risk management, it will be wise to either
- Take only one of the 3 trades or
- Reduce position size appropriately if taking all 3 trades
Why the need for proper risk management?
- The best trade setups WILL fail; risk management prevents one trade from taking out your whole account
- If USDJPY sells, USDCHF sells, XAUEUR buys are all taken, USD appreciation will likely cause all 3 trades to fail