27 May 2016 at 7:09 GMT
Clive Lambert - FuturesTechs
Clive Lambert, of FutureTechs, explains why he is planning a day trade on EURUSD.
Lambert notes a Morning Star formation from three different candles: red, Doji and green. He says Wednesday’s low was close to a Fibonacci support level and he believes there is scope for relief and retracement.
His trade is buy a dip to 1.1170–80 with a 40–tick stop. His targets are 1.1245, then 1.1295. He plans to close the day trade at 17.30 (CET) if targets are not met.