Europe vs USA

In this pair, we have a good chance to see a long move.

Drawn with the long position tool, is the maximum potential we have, not the actual trade I will take.

I do look in the lower timeframes for a similar structure to get a better entry and will only trade an RR of 1:3 and then look for another possible entry.

Here is a possible, hypothetical Setup in the M30, I would trade:

Let's see what the price tells us to do.

Comment:

This got totally wrecked. That is why Money and Risk need to managed very well!