Networth23

EURUSD LONG IDEA!

Long
FX:EURUSD   Euro / U.S. Dollar
Potential long trade for EU. Provided that price makes a clean break through my Order Block & the trendline before coming to retest it. This is where I enter with a BUY LIMIT Execution (as long as the trade has not been voided before this step). 15 pip SL, 210 pip TP. This is a potential 14RR trade, close half at 5RR (75 pips profit) to secure profits in case of a reversal.

Risk management examples have been shown. Adjust accordingly to your own account currency and risk tolerance - this is the only way to compound an account efficiently, happy trading 👍🏾

Comments

Had the same idea definitely believe it will bounce back up due to the downtrend pattern. Also some heavy USA news which may affect this going forward .
+1 Reply
blessed4life Ry4nThompson
@Ry4nThompson what USA news?
Reply
Ry4nThompson blessed4life
@blessed4life, 6 month bill Auction all about debts and borrowing money. Happens every 6 months!
Reply
i had the same idea, i'm new here though so don't quite know how this works. Good work mate
Reply
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