Entered long at 1.0890 targeting 1.1050 for about 160 pip target stop loss is 30 pips below entry r/r is better than 1:5. Good luck
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Was able to break even after the weakness I saw in the small rally into the 1.0900s . We have to evaluate this pair. I am looking for a LONG term hold on longs for that pair. It is forming a reversed head and shoulder pattern on the monthly chart
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www.tradingview.com/chart/YR8jPVCL/
Here is the new analysis on a weekly chart. Going long from the 0.886 Fib retracement @ 1.0656 to the next 1.1200 or 1.1300 supply area. Stop will be placed 15 pips below the previous low @ 1.0569. So the SL is 15 pips below that @ 1.0554. RR ratio is better than 1:5. Good luck everyone
Here is the new analysis on a weekly chart. Going long from the 0.886 Fib retracement @ 1.0656 to the next 1.1200 or 1.1300 supply area. Stop will be placed 15 pips below the previous low @ 1.0569. So the SL is 15 pips below that @ 1.0554. RR ratio is better than 1:5. Good luck everyone