EURUSD swing tade idea
Higher timeframe downtrend. The yellow line represents 50% of the monthly range.
Blue box represents the first area price can react from to then reverse and make a new lower low.
My SL would be the new higher low that gets created in or around the blue rectangle. If I risk 1% of the trade my first partial profit will be the amount that I have risked for the trade. I will continue to take partials on the way down in certain areas
Blue box represents the first area price can react from to then reverse and make a new lower low.
My SL would be the new higher low that gets created in or around the blue rectangle. If I risk 1% of the trade my first partial profit will be the amount that I have risked for the trade. I will continue to take partials on the way down in certain areas
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.