These are 2 levels on EURUSD I'm looking to take a buy and a sell. Once one of them is filled first I would re-assess the other.
the analysis is based on supply and demand, the buy level is with the trend (uptrend) however it is located in a supply area on a bigger timeframe (daily & weekly), that's why I'm conservative with my TP to max 3:1 Reward to risk.
The sell level shows a break of structure or reversal sign, I would prefer to take the sell before the buy is filled. Also conservative with my TP 3:1 max before the upward trendline.
I usually risk 2% of my trading account balance per trade, my total profit/loss ratio is around 50%, but I'm profitable with my trading strategy because my winning trades usually make at least 3:1 reward to risk.
Let me know your feedback.
Good luck
the analysis is based on supply and demand, the buy level is with the trend (uptrend) however it is located in a supply area on a bigger timeframe (daily & weekly), that's why I'm conservative with my TP to max 3:1 Reward to risk.
The sell level shows a break of structure or reversal sign, I would prefer to take the sell before the buy is filled. Also conservative with my TP 3:1 max before the upward trendline.
I usually risk 2% of my trading account balance per trade, my total profit/loss ratio is around 50%, but I'm profitable with my trading strategy because my winning trades usually make at least 3:1 reward to risk.
Let me know your feedback.
Good luck