EURUSD at main resistance area of 1.1900
Pair is volatile but extremely overbought, expecting a short possible retrace.
Entry:
1. Aggressive Entry @ current price area of 1.1870
2. 1.1900 area
TP 1: 1.1700
TP 2: 1.1600
50 pips stop loss
1:2 and 1:4 risk reward trade.
Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside.
Good luck trading! Let me know how I can help.
Charles V
cvfxmanagement.com
cvfxwealth
Trading made Simple
Pair is volatile but extremely overbought, expecting a short possible retrace.
Entry:
1. Aggressive Entry @ current price area of 1.1870
2. 1.1900 area
TP 1: 1.1700
TP 2: 1.1600
50 pips stop loss
1:2 and 1:4 risk reward trade.
Trade safely on this one, see my main EURUSD idea linked. I am waiting for a strong bear daily candle close and at least a weekly bear candle before trading this down to long-term target of 1.1400 handle. But this pair is a good sell for short pips. I recommend taking increments of 30-50 pips if you are selling to protect risk to the upside.
Good luck trading! Let me know how I can help.
Charles V
cvfxmanagement.com
cvfxwealth
Trading made Simple
Note
Trade currently up 100 pips. TP and reenter on retrace.
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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.
Related publications
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.