EURUSD Non-Trending(Side-ways)
I don't see trends in this chart and can easily say the market is not trending and is sideways.
I have defined 3 supports and 3 resistances and can play around to book some profit.
I'll book two types of orders here buy stop and sell stop to capitalize if it goes either way.
Total Order = 2 with 2% risk each.
For each order two trades with 1% risk each for TP1 and TP2:
Order#1:
SL: 1.10865
BUY STOP: 1.11540
TP1: 1.1221
TP2: 1.1289
Size: 0.15
Order#2:
SL: 1.09460
SELL STOP: 1.09105
TP1: 1.0875
TP2: 1.0840
Size: 0.28
I have defined 3 supports and 3 resistances and can play around to book some profit.
I'll book two types of orders here buy stop and sell stop to capitalize if it goes either way.
Total Order = 2 with 2% risk each.
For each order two trades with 1% risk each for TP1 and TP2:
Order#1:
SL: 1.10865
BUY STOP: 1.11540
TP1: 1.1221
TP2: 1.1289
Size: 0.15
Order#2:
SL: 1.09460
SELL STOP: 1.09105
TP1: 1.0875
TP2: 1.0840
Size: 0.28
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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.