EURUSD H4 Long trend continuation two targets
The h4 eurusd trend is up
Now is a solid retest point of support and trendline confluence area
to continue the trend up as a swing on h4 timeframe.
Target 1: the latest high.
Target 2: a break of latest high with consideration of a fair distance market will go visually.
Since it is a trend continuation bounce/retest of support we can expect the break to occur.
Thus this trade has 2 targets.
Stop is 10 pips beneath the support and trendline.
Target 1 is 30 pips 3:1 RR
Target 2 is 80 pips 8:1 RR
Goodluck
Now is a solid retest point of support and trendline confluence area
to continue the trend up as a swing on h4 timeframe.
Target 1: the latest high.
Target 2: a break of latest high with consideration of a fair distance market will go visually.
Since it is a trend continuation bounce/retest of support we can expect the break to occur.
Thus this trade has 2 targets.
Stop is 10 pips beneath the support and trendline.
Target 1 is 30 pips 3:1 RR
Target 2 is 80 pips 8:1 RR
Goodluck
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.