EUR/USD Bullish Butterfly
Long opportunity on EUR/USD. As with all trades today,
especially USD pairings, beware of NFP data which will be
released later in the afternoon today and will cause the
usual volatility, thus, I would recommend trading this setup
next week. However, if you did choose to go long today I
would recommend placing your initial stop/ loss below S2.
Both long trade setups depicted have a 2:1 RvR ratio.
Trade 1
Entry: Close above 1.22544
S/L: 1.22092
T/P 1: 122839
T/P 2: 1.23449
Trade 2
Entry: Close above 1.23449
S/L: 1.22792
T/P 3: 1.24763
Happy trading
Long opportunity on EUR/USD. As with all trades today,
especially USD pairings, beware of NFP data which will be
released later in the afternoon today and will cause the
usual volatility, thus, I would recommend trading this setup
next week. However, if you did choose to go long today I
would recommend placing your initial stop/ loss below S2.
Both long trade setups depicted have a 2:1 RvR ratio.
Trade 1
Entry: Close above 1.22544
S/L: 1.22092
T/P 1: 122839
T/P 2: 1.23449
Trade 2
Entry: Close above 1.23449
S/L: 1.22792
T/P 3: 1.24763
Happy trading
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.