Our last EURUSD has hit TP for 30 pip profit. This trade has a good potential for 70 pips. Setting a sell order at 1.2170 is a high prob trade with good R:R:
1) EURUSD has broken the strong resistance at 1.2130 and printed the lowest candle at 1.2110 - the price is now retreating to test the previous high at 1.2170 region.
2) A limit order at the previous high 1.2170 would yield a good 70 pips when the selling pressure resumes - high probability to test the next level at 1.2100.
3) This trade coincides with the US recovery set, as seen in the inverted H&S in the dollar index.
1) EURUSD has broken the strong resistance at 1.2130 and printed the lowest candle at 1.2110 - the price is now retreating to test the previous high at 1.2170 region.
2) A limit order at the previous high 1.2170 would yield a good 70 pips when the selling pressure resumes - high probability to test the next level at 1.2100.
3) This trade coincides with the US recovery set, as seen in the inverted H&S in the dollar index.
Trade closed: target reached:
Target at 110 reached - has changed to buy trade for another round of 70 pips profit!
