Daily Forex price action analysis – 2016-02-10 – forex4noobs
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===Blog post for this ananlysis===
===About this ananlysis===
In today’s price action analysis I review the EUR/USD short I spotted in yesterdays analysis. The trade worked out quite well, it hit it’s 1:2 risk/reward ratio for me.
Did you take the trade? If you did, respond below and let me know how it went for you.
Today there are three potential trades forming. USD/JPY is sitting on the 114.00 support area, if indecision forms near that level on the the 12 hour or daily chart, I may consider a long trade. The setup would need to meet all my criteria and would need to have a good risk/reward ratio.