Europe vs USA
Updated
In this pair, we have a good chance to see a long move.
Drawn with the long position tool, is the maximum potential we have, not the actual trade I will take.
I do look in the lower timeframes for a similar structure to get a better entry and will only trade an RR of 1:3 and then look for another possible entry.
Here is a possible, hypothetical Setup in the M30, I would trade:
Let's see what the price tells us to do.
Drawn with the long position tool, is the maximum potential we have, not the actual trade I will take.
I do look in the lower timeframes for a similar structure to get a better entry and will only trade an RR of 1:3 and then look for another possible entry.
Here is a possible, hypothetical Setup in the M30, I would trade:
Let's see what the price tells us to do.
Note
This got totally wrecked. That is why Money and Risk need to managed very well!
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