EURUSD lost 1/8th of its value since 2018. Apparently, it is struggling to go lower beyond that mark. It seems reasonable to be looking for targets above. Around 1.07 is the optimal area to get into long exposure with a 1R target @ 1.09 and 2R @ 1.11.
Trade closed: target reached
Booked 2R return @ 1.11
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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.