Let's look for a long!
Eurusd is in a bullish channel and is still bullish.
As long as it doesn't break below 1.18 this trade is still valid, look for entries around 1.18 for optimum R/R.
I would' set a buy limit on 1.1810 and SL on 1.1750 (60 pips)
TP target would be 1.20 - 1.2050
This should be a holder for hours to even days.
Want to pintpoint the entry better? Wait until prices heads down for a retest of the trendline. Check on smaller timeframe for a pinbar or rejection candle.
Good luck :-)
Eurusd is in a bullish channel and is still bullish.
As long as it doesn't break below 1.18 this trade is still valid, look for entries around 1.18 for optimum R/R.
I would' set a buy limit on 1.1810 and SL on 1.1750 (60 pips)
TP target would be 1.20 - 1.2050
This should be a holder for hours to even days.
Want to pintpoint the entry better? Wait until prices heads down for a retest of the trendline. Check on smaller timeframe for a pinbar or rejection candle.
Good luck :-)
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Trade is still valid, we are waiting for the move up that could happen. Let's see how it goes. Break below trend line is making the idea invalid.