ShainV_Trader

ShainV_Trader

The EUR/USD is in a freefall after breaking below midweek value. Now the 1.1400 handle is coming into play. Here's a potential countertrend scalp: 1) Limit buy @ 1.1401 2) Stop loss @ 1.1394 3) 1:1 risk-reward, looking for 7 pips profit This is a risky play as the EUR/USD downtrend is strong. Keep stops tight and leverage in check!

ShainV_Trader

Potential bullish scalping setup for the EUR/USD on the 4-hr timeframe. Here's why: 1) This week's trend is bullish 2) 4-hr trend is bullish 3) No news due out until French CPI in Friday's European session Strategy: 1) Buy limit from above 38% at 1.1436 2) Stop loss at 1.1428 3) 1:1 risk vs reward