EURUSD Long (1:2)
To enter a long position in EUR-USD, consider doing so around the 1.0885-1.0890 range, which aligns with the recent breakout level on the 15-minute chart. This entry should be confirmed by bullish candlestick patterns such as a hammer or an engulfing pattern, accompanied by volume spikes.
For the exit strategy, set your target at 1.09210
To manage risk, use a trailing stop-loss just below the breakout level at 1.0880, with a hard stop-loss placed just below the recent higher low at 1.0875.
Note: this is not a trading or investment advice. It is meant for education purposes only.
For the exit strategy, set your target at 1.09210
To manage risk, use a trailing stop-loss just below the breakout level at 1.0880, with a hard stop-loss placed just below the recent higher low at 1.0875.
Note: this is not a trading or investment advice. It is meant for education purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.