USD has started rising against Euro, GBP, CHF and JPY. I took 2 short positions on EURUSD and I managed to realized 413 PIPS.
Let’s learn together on how to achieve this on Forex!
Do you trade Forex? USD has continued it downward trend since March. US Treasury Secretary has hinted recently that the green note is important to the US and definitely they won’t like to see it continues to fall.
But now, the question is : Is it now the Time for USD to rise again?
The EUR/USD is popping up towards March highs, exploding from our 3rd tier downtrend line as anticipated. As we explained in our previous post, breaking through the 3rd tier was a key fundamental move. Therefore, the EUR/USD should continue enjoy its upward momentum, at least until the psychological 1.40 area.
I tried on a simple moving average trading system and I manage to achieve a 3.5% ROI in one single day trading EUR-USD pairs.
ROI is 3.5%
Profit / Loss ratio is 3.6
Percentage of Winning Trade is 55%
Let’s find out more…!!!
