Since the early morning the EUR/USD price is working on that 15m TF resistance zone.
This is also in confluence with the 1h chart.
I would personally set my profits as on the screenshot and may extend the stop loss to like an ATR something like above one of the last highs (depending on your strat.. - see the arrows)
You could also set a third TP like on one of the stronger bottom swings.
Keep in mind that we're in an overall downtrend:
Maybe keep an eye on the RSI for oversold scenarios.. But well also depends on your strat so :)..
This is also in confluence with the 1h chart.
I would personally set my profits as on the screenshot and may extend the stop loss to like an ATR something like above one of the last highs (depending on your strat.. - see the arrows)
You could also set a third TP like on one of the stronger bottom swings.
Keep in mind that we're in an overall downtrend:
Maybe keep an eye on the RSI for oversold scenarios.. But well also depends on your strat so :)..
Trade closed: target reached
I'm happy to say, that this idea just played out perfectly :).
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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.