Suly1

Eurusd Long 15minute to 1 hour chart

Long
FX:EURUSD   Euro / U.S. Dollar
0
Eur hit major support level at 1.2250. We could have entered at the touch, with a stop loss of 10-15 pips or we could have waited for a 15 minute candle to close above previous resistance, as it did. Now we are in a long trade. Stop Loss could be between 1.2265-1.2245. The strategy is to let the trade develop with the following exit strategies: 1) Take profits when a 15 minute candles close below 10EMA 2) Take profits when price touch 1.2350. Move to break even once 15 minute candles close above next resistance at 1.2300 and keep moving the stop loss with 20EMA in the 15 minute chart.
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