This analysis shows the potential entry point for the EUR/USD currency pair after price pullback into support zone.
I would recommend using a volatility stop loss with a reward to risk of 3:1. This means our target point would have been three(3) times our risk. We should then trail according to the stop loss position as shown on the chart.
Base on the current market structure for this currency pair it is my opinion that we could higher prices.
Risk warning!!
Trading Foreign Exchange, Commodity Futures, Options and other Over-the-Counter Products on Margin Carries a High level of Risk and May Not Be Suitable For All Investors. Visit www.prolificinvestment.com for more information
I would recommend using a volatility stop loss with a reward to risk of 3:1. This means our target point would have been three(3) times our risk. We should then trail according to the stop loss position as shown on the chart.
Base on the current market structure for this currency pair it is my opinion that we could higher prices.
Risk warning!!
Trading Foreign Exchange, Commodity Futures, Options and other Over-the-Counter Products on Margin Carries a High level of Risk and May Not Be Suitable For All Investors. Visit www.prolificinvestment.com for more information