Looks like Greece finally agreed to the Euro terms… and that’s a good thing traders, I wouldn’t like to see what kind of volatility we’d get if Greece was to move out from the currency…
You know what though… I think it will happen, not right now, but in a year or two, I think they will have to let Greece out of it…
Its been years like this, and somehow they manage to get into trouble over and over again… Maybe next time the other Euro countries wouldn’t be able to deal with it, and they’ll have to let them go…
I’m just speculating here. What do you think?
Anyway, here is a good possibility for you.
If you take a look at the daily chart, it is clearly trading in a bullish condition, which means that we should be looking for long opportunities.
Ok, now, on to the short term charts.
Take a look at the 15M chart:
As you can see, it is trading in a very clear short term range, which allows us to look for long opportunities.
Here are the details of my trade:
See the risk reward ratio??? Its around 17:1, pretty good ha?
And what happens if you risk 1% of your account on this trade?
How much would you be getting just in this trade?
What do you think about the things going on in Greece?
What currency pairs are you monitoring/trading?
What do you think about this signal? Are you going to take it?
Share your thoughts.