EURUSD: Short term long, two targets

FX:EURUSD   Euro / U.S. Dollar
572 14 8
I entered long as shown in the chart, there is a potential setup that points to the profit targets depicted in it.

Risk/reward ratio is attractive, and the estimated hold time is 3-7 days.

Good luck!
As you can see my stop level was indeed a crucial one...I posted a new chart, showing a long setup in multiple Euro (and Pound) pairs.
Feel free to check it out.
That SL solved the problem and the rest of the "long" position is just a decent opportunity for short entries to get several hundreds of pips.
AristotelCostel AristotelCostel
IvanLabrie AristotelCostel
You can capitalize on this from multiple angles logically...I just don't have the time to trade intraday anymore...otherwise I'd be all over this volatility using 5m/15m/1h. ;)
Bulls be aware.

Sudden price drops expected (waterfall) as Dollar significant resistance line will get breached.
+1 Reply
Even if it retests the previous high, that's normally a good strategy.
-1 Reply
It seems that you are full of buying ideas
IvanLabrie AristotelCostel
Older ideas reflect what I thought at the time. As you can see, I mapped the path rather accurately. Trades I don't need to map a longer term outlook to work though.
OK, As a long term trader and trend scalper I see things from a different angle. So, I always need to map a longer term outlook.
+1 Reply
IvanLabrie AristotelCostel
Sorry, somehow that came out wrong.
I meant that trades don't need to end up looking nice in longer term charts to work.
For example, I can trail stops and take profits before candles close, and many times this won't look good or clear in the chart in the future.
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