Analysis & Discussion EUR/USD

The New Year is here and we found right on market open a position on the eur/$ that has moved between 4-5x our risk. The setup itself has some interesting dynamics, which we walk through today as we analyze where quality is found and where risk is present. Putting these together would lead us to evaluating this trade as good quality. The sources of quality and sources of risk must always be kept in mind. The sources themselves give us our expectations and tell us how to manage the position as price develops from our point of entry.

Good Trading.