2 setups.
T1: 1.0595 (4 hour) > 2.5:1
T2: 1.082 (close - daily chart). > 3.5:1
Stop at 1.047 or 1.042
T1: 1.0595 (4 hour) > 2.5:1
T2: 1.082 (close - daily chart). > 3.5:1
Stop at 1.047 or 1.042
Note
Stop at 1.047 for both trades is viable. That makes the trade an 8:1 ratio.Note
Personally, I will keep it at 1.042 for a while, until the trade progresses further and to avoid some volatility.Trade closed manually
This trade is not looking good. I close manually at 1.04886 and will wait a few days for a safer entry. Better not to force this trade with this risk in daily chart.Note
Trading is active. You can see my latest idea on the euro. The support is holding quite well.
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Related publications
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.