Tu., Jan. 28 Trade on news

I did not have time to post this trade before it happened but will post it now to illustrate how trading on news works: EURUSD Bought at 1.3659, initial SL 1.3623, P1= 1.3679 P2= 1.3691 Once the price moved above 1.3670, I move stop loss orders to break even:

EURUSD trade on news

At 12pm today, ECB President Mario Draghi is due to participate in a panel discussion titled “The Path from Crisis to Stability” at the World Economic Forum’s annual meeting, in Davos; EURUSD Buy 1.3701 Sell 1.3663