If current candle closes as cande (1) , then I will LONG it with risk 0.33% of my account. Stoploss would be just few pips under the Daily . If price reverses and test the daily (2), then I will add in to my position. I am not ruling out resistance at 1.16500 hence my very small risk for trade (1). A candle at the (2) will give me conviction that the EUR bid would continue again today.
If there would be a strong candle happens below the daily , then I will re-assess my trading plan today and make a EURUSD plan.
*ECB Press Conference today
*BOE Bank Rate today
So be careful
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