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OGFXTRADER
May 26, 2020 4:39 AM

EURUSD H1 LONG FORECAST ANALYSIS  Long

EUR/USDOANDA

Description

BUY LIMIT ENTRY TO PREVIOUS DEMAND LEVEL, MACD SHOWING BULLISH MOMENTUM. UT BIAS IN HIGHER TIME FRAMES. EXPECTING PRICE ACTION TO TRIGGER ORDER.
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S/L: 30 PIPS
R:R 1:2.5

Trade closed: target reached

T/P level reached. Always keep in mind when placing an entry in the market the levels fro S/L and T/P have to be always considered with your strategy.

Let's say if a entry is good but my target is above a key level and the R:R ratio (1:2 min) doesn't fit is better to move on and wait fir the next opportunity.
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