FX.co ★ Trading plan 11/21/2017

Trading plan 11/21/2017

EURUSD: Trade for a breakout range.

German Chancellor Merkel cannot form a majority in the parliament - this stopped the growth of the euro.

At the same time, there was no sharp fall: "Germany's economy is currently very strong and is ready to grow, the political crisis will not affect the economy - the fall of the euro will be limited.

Conclusion: the euro must be traded for the movement.

Therefore, we trade for a breakthrough:

Sell with a breakout downwards from 1.1720.

Buy at the breakthrough to the top of 1.1825.

Stop-loss position is set at 45 p. Take-profit of 100 pp. (points in 4 characters, for example: from 1.1700 to 1.1800 - 100 points).