EUR/USD - SIGNAL - BUY/LONG
Updated
I am expecting a bounce off of the 20 period EMA after the surge we had during the Asian session. Now I am not jumping with market execution so pay attention the details below.
My details:
Buy Stop @ 1.1590
Stop loss @ 1.1570
Target @ 1.1616
Risk Reward = 1.30
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
My details:
Buy Stop @ 1.1590
Stop loss @ 1.1570
Target @ 1.1616
Risk Reward = 1.30
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Note
even if the price breaks below the EMAs I will still consider the setup valid as we have the 61.8 and 78.6 fibs acting as supportNote
my overall bias is to the upsideNote
testing the fibonacci region nowNote
still in the PRZ
Note
setup invalidated as price broke through the 78.6turning my eyes onto Gold (see the post on my profile)
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.