EURUSD 08/30/2020
I'm placing a buy stop order at 1.17867 because I believe buyers will break the Resistance level at this Supply area and continue the Uptrend up to 1.19384 which is my Take Profit 1 and 1.20868 as my Take Profit 2 with a 2:1 RR. Thus, placing my Stop Loss at 1.16768... Be careful taking this trade as major news events tomorrow may influence the price of USD to rise and form a new trend against our trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.