Our last EURUSD has hit TP for 30 pip profit. This trade has a good potential for 70 pips. Setting a sell order at 1.2170 is a high prob trade with good R:R:
1) EURUSD has broken the strong resistance at 1.2130 and printed the lowest candle at 1.2110 - the price is now retreating to test the previous high at 1.2170 region.
2) A limit order at the previous high 1.2170 would yield a good 70 pips when the selling pressure resumes - high probability to test the next level at 1.2100.
3) This trade coincides with the US recovery set, as seen in the inverted H&S in the dollar index.
1) EURUSD has broken the strong resistance at 1.2130 and printed the lowest candle at 1.2110 - the price is now retreating to test the previous high at 1.2170 region.
2) A limit order at the previous high 1.2170 would yield a good 70 pips when the selling pressure resumes - high probability to test the next level at 1.2100.
3) This trade coincides with the US recovery set, as seen in the inverted H&S in the dollar index.
Trade closed: target reached
Target at 110 reached - has changed to buy trade for another round of 70 pips profit!
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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.