1:2 Risk Reward ratio, adjust your stop loss and profit taking to your liking if you feel the need,
everything else is self explanatory, we're entering a long in hopes of a "R Shoulder" playing out, which is where we'll be taking our profits if the resistance will be showing.
Several other reasons for this long to play out such as the curve, support trendline & several indicators if that's your flavor (RSI, BB bands)
everything else is self explanatory, we're entering a long in hopes of a "R Shoulder" playing out, which is where we'll be taking our profits if the resistance will be showing.
Several other reasons for this long to play out such as the curve, support trendline & several indicators if that's your flavor (RSI, BB bands)
Trade closed: target reached:
All i got to say is... hopefully you guys took the profit exactly where i marked it and didn't greed for the extra few potential pips,lets see where the EU pair takes us from here on out!