EUR/USD (2H Timeframe) Trade Plan
🔹 Trade Setup: Bullish Breakout & Retest
Since the price has broken the downtrend and is testing a key level, the plan is to enter on a retest confirmation.
📌 Entry Strategy
Entry Point: Wait for a retest of 1.0820 - 1.0840 zone.
Look for bullish rejection signals such as:
Bullish engulfing candle
Pin bar (long wick rejecting downside)
Break and close above 1.0840 on smaller timeframes (15M or 1H)
🎯 Target Levels (Take Profit - TP)
TP1: 1.0900 (psychological level)
TP2: 1.0960 (major resistance)
🛑 Stop-Loss (SL) & Risk Management
Stop-Loss (SL): Below 1.0800 (~20-30 pips below support)
Risk-Reward Ratio (RRR):
1:2 (if TP1 is reached)
1:3 - 1:4 (if TP2 is reached)
📊 Position Sizing Example (Based on $1,000 account & 2% risk rule)
If SL = 30 pips and risk per trade = $20 (2% of $1,000)
Lot Size = 0.1 (Mini Lot) for EUR/USD
⚠️ Invalidation & Risk Management
If price closes below 1.0800, the bullish setup is invalid.
Adjust SL to breakeven once price reaches 1.0880 for risk-free trade.
✅ Final Thoughts
Plan: Buy on a retest of 1.0820 - 1.0840, targeting 1.0900 - 1.0960
Confirmation: Bullish rejection at support
Risk-Reward: Minimum 1:2, ideally 1:3 - 1:4
Risk Per Trade: 2% max
🔹 Trade Setup: Bullish Breakout & Retest
Since the price has broken the downtrend and is testing a key level, the plan is to enter on a retest confirmation.
📌 Entry Strategy
Entry Point: Wait for a retest of 1.0820 - 1.0840 zone.
Look for bullish rejection signals such as:
Bullish engulfing candle
Pin bar (long wick rejecting downside)
Break and close above 1.0840 on smaller timeframes (15M or 1H)
🎯 Target Levels (Take Profit - TP)
TP1: 1.0900 (psychological level)
TP2: 1.0960 (major resistance)
🛑 Stop-Loss (SL) & Risk Management
Stop-Loss (SL): Below 1.0800 (~20-30 pips below support)
Risk-Reward Ratio (RRR):
1:2 (if TP1 is reached)
1:3 - 1:4 (if TP2 is reached)
📊 Position Sizing Example (Based on $1,000 account & 2% risk rule)
If SL = 30 pips and risk per trade = $20 (2% of $1,000)
Lot Size = 0.1 (Mini Lot) for EUR/USD
⚠️ Invalidation & Risk Management
If price closes below 1.0800, the bullish setup is invalid.
Adjust SL to breakeven once price reaches 1.0880 for risk-free trade.
✅ Final Thoughts
Plan: Buy on a retest of 1.0820 - 1.0840, targeting 1.0900 - 1.0960
Confirmation: Bullish rejection at support
Risk-Reward: Minimum 1:2, ideally 1:3 - 1:4
Risk Per Trade: 2% max
Trade active
Sorry for the errorEUR/CAD (2H) Trade Setup
📌 Trade Idea: Bullish Breakout & Retest Setup
The price has broken above a key resistance zone (1.5448 - 1.5500) and is now retesting it. If this level holds as new support, it presents a strong buy opportunity.
🔹 Entry Criteria
Aggressive Entry: Buy now at 1.5503 if bullish momentum continues.
Conservative Entry: Wait for a retest of 1.5448 - 1.5500, confirming support before entering long.
🎯 Trade Parameters
Entry: 1.5500 (Break & Retest)
Stop-Loss (SL): 1.5416 (Below recent swing low)
Take-Profit (TP1): 1.5772 (Key resistance area)
Risk-to-Reward Ratio (RRR): ~1:3
🚨 Alternative Scenario: Bearish Rejection
If price fails to hold above 1.5448 and breaks back below:
Sell below 1.5440
SL: 1.5500
TP1: 1.5350
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.