Both 2 trades were based from an important data release coming out today: the ZEW economic sentiment so I was expecting a move in EURO pairs.
I came on EURUSD charts and saw price in overall downtrend.
Following here the 15min chart:
As you can see, daily opening price came right on yesterday's support and immediatly went down. In early european session price was bouncing on 1.3362. At first I set a sell limit near 1.3380 but finally I decided to set a "more safe" sell stop right lower than 1.3362 day low: in case of breakout, I expected a continuation till lower 1.33 area where we find an important support clearly seen in day TF.
After this, I came on EUR JPY chart. Here's the 15min:
The situation is quite different, but also here there was clearly a bearish loss today since early tokyo session when price broke the dotted rising TL, which came from yesterday's support. This usually suggest high potential for the support to be broken. I took some risk and opened manually the trade very closed to that support, but confidence in bearish direction was good, since EUR USD was showing interesting bearish pressure and USDJPY not much bullish convinction (not yet).
Both trades are now running, waiting for price to show next intentions, before deciding if let them run or cut in profits.
I came on EURUSD charts and saw price in overall downtrend.
Following here the 15min chart:
As you can see, daily opening price came right on yesterday's support and immediatly went down. In early european session price was bouncing on 1.3362. At first I set a sell limit near 1.3380 but finally I decided to set a "more safe" sell stop right lower than 1.3362 day low: in case of breakout, I expected a continuation till lower 1.33 area where we find an important support clearly seen in day TF.
After this, I came on EUR JPY chart. Here's the 15min:
The situation is quite different, but also here there was clearly a bearish loss today since early tokyo session when price broke the dotted rising TL, which came from yesterday's support. This usually suggest high potential for the support to be broken. I took some risk and opened manually the trade very closed to that support, but confidence in bearish direction was good, since EUR USD was showing interesting bearish pressure and USDJPY not much bullish convinction (not yet).
Both trades are now running, waiting for price to show next intentions, before deciding if let them run or cut in profits.
