EURUSD 30 pips up now in pullback but no risk and GBP news later.

Okay so you know yesterday I noticed there were quite a few people on stocktwits who were saying “buy here EUR”, I understand why but we had broken support and I have a rule that if it breaks through support, even if it pulls back wildly it WILL go further down. (or up depending on the pair).

My EURUSD trade is safe with my stop moved inside my entry so I’m now waiting for pullback to complete. I would expect it to pull pretty much back to the last support that it broke before moving further down.

There may be some GBP movement later with news @ 9:30 – forecasts are not good and I have my entry orders in the secret spaces.

If you would like to learn to trade get my charts on YOUR metatrader 4 setup

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