EUR/USD Long Opportunity at Bullish Trendline
Long opportunity as price pulls back to a supporting bullish trendline. We need a candlestick (engulfing bullish candle)/ price-action (double bottom) confirmation before entering long on the 1 hour or 4 hour chart.
Two positions to maximize Risk-Reward:
Position 1 and 2 Buy: 1.11406
Position 1 Stop Loss: 45 Pips
Position 1 Profit: 62 Pips
Position 2 Stop Loss: 73 Pips
Position 2 Profit: 114 Pips
Reminder: Wait for candlestick to close on the 1 hour or 4 hour chart that shows bullish. I would not place a buy order until I see how the market reacts at the potential buy.
DISCLAIMER: I AM NOT A PROFESSIONAL TRADER. MY IDEA IS BASED ON MY OWN ANALYSIS OF THE CURRENCY PAIR AND A POSSIBLE OPPURTINITY TO TRADE. USING MY IDEA IS DONE SOLEY AT YOUR OWN RISK AND LIABILITY.
Two positions to maximize Risk-Reward:
Position 1 and 2 Buy: 1.11406
Position 1 Stop Loss: 45 Pips
Position 1 Profit: 62 Pips
Position 2 Stop Loss: 73 Pips
Position 2 Profit: 114 Pips
Reminder: Wait for candlestick to close on the 1 hour or 4 hour chart that shows bullish. I would not place a buy order until I see how the market reacts at the potential buy.
DISCLAIMER: I AM NOT A PROFESSIONAL TRADER. MY IDEA IS BASED ON MY OWN ANALYSIS OF THE CURRENCY PAIR AND A POSSIBLE OPPURTINITY TO TRADE. USING MY IDEA IS DONE SOLEY AT YOUR OWN RISK AND LIABILITY.
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.
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.