EASY EUR/USD Entries! 3.67 Reward to Risk

Mar 16, 2020

Here is a quick setup for you guys! Hope everyone had a great weekend :)

EURUSD

Overall trend on Daily timeframe is headed upwards so we applied our Fibonacci Retracement tool on the following levels, from the LOW of Feb 20th @1.0777 to the HIGHS of March 9th @1.1496.
(If you didn't know Fibonacci Retracement tool is used to find and visualize better entry and exit points in a trending market wave.)

Here is my suggestion,
Risk anywhere from 1-5% of your total capital by placing small LONG orders on each of these below retracement levels:
**Risk Example Included**

23.6% = 1.1325 (LONG) 0.25% Risk
38.2% = 1.1220 (LONG) 0.50% Risk
50.0% = 1.1135 (LONG) 0.75% Risk
61.8% = 1.1050 (The PERFECT Ideal trade) (LONG) 1% Risk

Total Risk following my above example = 2.5% of your total trading capital.

Stop Loss: @1.0930

Keep your risk at a minimum. Be careful with the downward spikes that are created by the USD strength, these spikes are the results of the Feds lowering USD interest rates back down to a zero.

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Mar 17, 2020

Note

Made an entry @1.1050 which is the 61.8% retracement level better known as the ideal trade.

Mar 18, 2020

Note

Hopefully you have taken the trade by now and should be entering profits. Stay patient, make sure to scale in to your trades in small amounts. Stop loss still intact at 1.0930 adjust at your own discretion.