I'm anticipating EUR/USD to decline a small 18 pips with a risk to reward of 2:1 with a tight stop. Reason being is because we are still bearshish with a lot of seller in the market, intraday S&R and strong highs lows, lower lows plus many more. Lets see how this trade plays out! PHILL
hello dear traders 7 welcome to growing Forex the pair is inside the falling wedge pattern indicating a sharp uptrend in the minute 15 chart with the RSI signals bullish divergence combining it with the Bollinger band.enter at the breakout for safe entry or at the lower band of the Bollinger for maximum profit. Note: Everything works with Best money management....
Price broke the intraday uptrend line and we are looking for a short opportunity at the 1.1350 region. Aggressive stops can be placed just above the 1.1370 region, while a more conservative stops have to go above the 1.1385 region. Targets can go around the 1.1300 even level. I would love to hear your opinion, feel free to comment, agree or disagree....