Euro / U.S. DollarUpdated Straddle Trade EUR/USD Pip Size 0.00001
This is a good straddle trade position in a consolidated area within a reasonable length of pips; length from top channel-line to lower channel-line is 0.00246 (246 pips), divide by three sections, the range size is 0.00082 (82 pips). Breakout buy entry (buy-stop) set to 1.23551, breakout sell entry (sell-stop) set to 1.23469, buy-stop stop-loss set to 1.23531, sell-stop stop-loss set to 1.23489, buy T/P target is set to 1.23633, sell T/P target is set to 1.23387.
Note
The description in the idea is incorrect. Please disregard and view the final corrected version. I am new to this so I am still getting used to TradingView.
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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.