TRADING: Opportunities After A Major News Event

Last week was a news packed week in the market, with the standout events being Thursday's ECB decision on future monetary policy. The rate cut & future stimulus was met with a mixed reaction & as a result, the $EURUSD sunk almost 100pips only to rally by almost 150 a few hours later.

Now if you watched last weeks TRADING EDGE video you'll remember that we were positioned short on the $EURUSD & were able to benefit by the initial move. However, we weren't able to rally for extended targets (which has been a theme this year) making it a good trade, but not a great one (looking at outcome).

(If you want more information on why we saw the V type movement in the EURUSD here's a great article which will simplify things. - )

This week I wanted to follow up on the same pair (after the big news reaction) & share with you 2 more trading opportunities that are on my radar for the week ahead.


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