Fast idea on EUR/USD
Updated
Fast idea on EUR/USD
🟢 Symbol: EUR/USD
🟢 Bull idea
🟢 Very short term
Rationale
✴️ EUR/USD is approaching the 1,05 level where a major support starts. The support is between 1,045 and 1,05. Buying in this area is a good idea to find a short term opportunity.
You can earn more than 100 pips by risking less than 40. Which is a good ratio for a short term profit.
If the 1,045 level is broken, a bear market starts and you should be ready for a short trade in EUR/USD.
🟢 Symbol: EUR/USD
🟢 Bull idea
🟢 Very short term
Rationale
✴️ EUR/USD is approaching the 1,05 level where a major support starts. The support is between 1,045 and 1,05. Buying in this area is a good idea to find a short term opportunity.
You can earn more than 100 pips by risking less than 40. Which is a good ratio for a short term profit.
If the 1,045 level is broken, a bear market starts and you should be ready for a short trade in EUR/USD.
Trade active
Trade has finished. Risking less than 40 pips we earned almost 120. Returns has been 3 times the risk, which is a good ratio ;)Note
Usually, when a support level like 1,045 is broken, the price falls fast. Sometimes we see pullbacks to the same level, so shorting again could be an option but take care because seeing the price closing over 1,045 and breaking the local highs in 1,05 could mean the opposite!!
If that happens, we are in front of a false breakout, also called a BEARISH TRAP and the market must move in the opposite direction very fast.
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