1.1320 held, I believe next week will be a bull week for EU. Buying here would be a good entry price, with SL 1.13 or 1.1310 if you prefer tight SLs. Just a potential trade idea; enjoy the weekend everyone!
{quote} That's true, it's why people trade currency pairs correlations.
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Indeed...For instance, I do not trade AUD pairs anymore. This stems from my belief that it is extremely sensitive to the US-China trade deal and news there can easily move it; unlike the Brexit issue, I think it is nowhere near resolved. Should I get a trade idea on AUD/JPY, I will actually execute it on NZD/JPY instead. Seems to be less volatile (not necessarily more profitable though, especially for sell trades).
I using oanada. The last closing price is 1312.87 and 1315.37. Is it normal?
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I use Pepperstone and it stops gold trading earlier than the usual market hours. This could be the reason why there could be a discrepancy between your Oanda closing price and the real market price. Just putting in a guess here. I always have a good impression of Oanda, so this is the first I'm hearing something negative about Oanda.
Trade idea: Buy with TP 1 at 1.14. SL @ 1.1300-1.1310 if you like tight SLs, SL @ 1.1280 if you are alright with wider SLs. Euro has been under pressure the last week; I expect some relief rally. On the EU chart, triple bottom forming a base for a rally.