1:2 Risk Reward ratio, adjust your stop loss and profit taking to your liking if you feel the need,
everything else is self explanatory, we're entering a long in hopes of a "R Shoulder" playing out, which is where we'll be taking our profits if the resistance will be showing.
Several other reasons for this long to play out such as the curve, support trendline &...
EURO pairs have been in a downtrend for quite some time already, while most have had a recent
retracement leaving you thinking that you might have missed out and the wide stop losses arent worth it, its worth looking into more exotic and not as popular pairs that still havent reacted or are yet to touch the critical price points. The entries for this specific...
Entry : Bottom of the trendline
TP : Top of the channel, could potentially hold and see if it breaks,in which case take your profits on a 1D wick backwards/a clear sign of reversal (RSI,BB, previous resistances)
SL : 0.20%
Entry : Top of the trendline
SL : 0.20%
TP : Bottom of the trend/channel
Could potentially try not leaving any pips on the table and see if the previous low breaks, incase that happens, let the trade ride until a wick or a clear reversal on 1D shows up.
Entry : Top of the trendline
SL : 0.25 - 0.40%, preferably above the previous high
TP1 : For people that are looking to lock in profits, locking them in at a 1:2 Risk Reward ratio (0.80%) is great if you're not keen on waiting + dont want to risk get stopped out at break even.
TP2 : Bottom of the downtrend channel which is atleast 2%, dependant on how long it...
Entry : Top of the downtrend line
Stop Loss : Above the previous high point which shouldnt be higher than approximately 0.20%
TP : Anything above 0.40% profit in order to fullfill a 1:2 Risk Reward ratio, for those that dont like leaving pips on the table, a great potential take profit zone would be around the bottom of the previous crash (1D), which would result...
Posting for myself to keep a track record, no explanations needed as the chart is pretty self explanatory.
Entry : Bottom of the trendline
TP : Marked resistance, aswell as the top of the trendline
SL : 1:2 RR, Stop loss is half of what the profits could/are supposed to be, SL is also slightly below the previous bottom in order to avoid a potential double bottom,...
Entry : Bottom trendline
TP 1 : For people that are looking to lock in consistent profits, 1:2 Risk Reward Ratio.
TP 2 : The actual target, with a stop loss at break even once/if the prices moves towards our direction (long)
SL : 0.20%, which is twice as little as what we're aiming for in TP1
Clean charts
