Price Action Guru Forex Strategies

EUR/USD Outlook (16th November 2020)

“To Buy when others are despondently selling and to sell when others are euphorically buying takes the greatest courage, but provides the greatest profit.”     - Sir John Templeton -

To be superior Trader and Investor one must do the exact opposite in order to out beat the market. With this Quotes in mind, let’s get into EUR/USD.

EUR/USD Shows clear 6 months bullish Sign which will attract many Trend Traders to bet Buy entries.

My Parameters

Time Frame Duration Maximum Volume Target Pips Insurance
▪ D1 Chart ▪ 3 Months ▪ 0.05 for every $500 ▪ 700 – 1000 pips ▪ 3 Months

Explanation

I’m monitoring EUR/USD in Daily (D1) Chart for 700 to 1000 pips Gain with (Distributing 0.05 Volume accordingly) over next 3 months. To Protect the Downside, I will use Insurance against Downside at 200 pips reversal.