Todd Gordon , co-head of research and trading at Aspen Trading Group, likes the direction of the trade, but suggests using limits and entering the trade on a little pullback to about 80.30, rather than trying to time an entry on a breakout. "I'm just not a believer that you have to stay up all night to trade the FX market," he says.
Bourdeau agrees that buying breakouts can be tricky. But she says, "if you can time this, I think it's worth it because that 80.50-80.60 area is the top of a trend line, and I think if we break, it will break big."
You can watch the discussion on the video clip.
Tune In: CNBC's " Money in Motion Currency Trading " airs on Fridays at 5:30pm and repeats on Saturdays at 7pm.
Learn more: The essential vocabulary for currency trading is on Key Terms Dictionary. Top currency strategies are broken down for you in Currency Class.
Talk back: Tell us what you want to hear about - email us at email@example.com .Page 2 of 2 | Prev Page