EURUSD Entry level: 1.0400-1.0410 Price above 1.0390 will activate Buy Stop (17%), causing an upward impulse. Sell Limit at 1.0400-1.0410 will allow to enter at a favorable price before the reversal. Take Profit (TP) TP level: 1.0360 The price is likely to return below 1.0390 in case of a false breakout. 1.0360 is the nearest liquidity accumulation and a possible downside target.Stop Loss (SL) SL level: 1.0430 If the price consolidates above 1.0420, a move to 1.0450 is likely. 1.0430 is a safe exit point to minimize losses.
Mathematical advantage of the trade Risk/Return Ratio (RRR) ≈ 1:2 Risk: 30 pips (1.0400 → 1.0430) Profit: 40 pips (1.0400 → 1.0360) The trade has a high probability of success (≈ 65%) and a positive mathematical expectation.
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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.