Setup Timeframe: D
Execution Timeframe: 4H
Risk: 3.163%
Reward: 5.69%
Reasons for Entry: At a very strong level of support that once was resistance. Also, technicals are showing dollar weakness across other pairs and in the DYX. Not the best entry however.
Reasons for SL Placement: Below the support level, and giving room for any wicks based on news tomorrow.
Reasons for TP Placement: Looking for good R:R, pair could move up even more. It is bouncing off a very strong support level.
Execution Timeframe: 4H
Risk: 3.163%
Reward: 5.69%
Reasons for Entry: At a very strong level of support that once was resistance. Also, technicals are showing dollar weakness across other pairs and in the DYX. Not the best entry however.
Reasons for SL Placement: Below the support level, and giving room for any wicks based on news tomorrow.
Reasons for TP Placement: Looking for good R:R, pair could move up even more. It is bouncing off a very strong support level.
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EURUSD Long
MatthewLundgren
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