Good day fellow Koala System users!
I hope the weekend is great for you so far.
We are indeed facing testing times as the range bounded EUR/USD takes us to the limits of our patience. Nonetheless, the core requirement of The Koala System requires extreme patience and that is something we must abide to.
Starting from this review, i will like to standardize certain symbols.
- Red box : No trade zone
- Black circle : Standard opportunity
- Black triangle : Risky opportunity
Continuing the pattern for several weeks now, the EUR/USD remained in no trading zones for most of the week. This was expected as the region of 1.3600 is known to be a strong point. Either direction from here requires a strong momentum to break free and away.
Nonetheless, The Koala System rewarded us with a standard opportunity, giving us a full 50 pips harvest or more should you use a trail stop instead.
For folks who embarked on the riskier version, two other opportunities presented themselves too. Do be reminded that these were of the 30 pips take profit version mentioned in the last review.
Next week brings us numerous economic releases and events. Read the latest EUR/USD Weekly Review for a heads up.
Trade safely and practice proper money management.