Euro is trading near the previous high and upwards channel has been formed,I have pointed out the possible scenarios, we could see price rise to the resistance level 1.01955 which would be higher wedge of the channel and from there a possible pullback to middle of the channel which is the fibo line, This would be ideal scenario.
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades
The strategy behind opening any position is to make sure your win/loss ration is 3/1 i.e TP should be 10% and your stop loss 3%
I suggest you do the same, so if you do 10 trades you only need 3 of them to be successful to gain a profit on your whole trades