EURUSD looking to pamp soon over the next couple of days/weeks with the first TP to be at around or under 1.07337.
2nd TP would be 1.07860, near resistance coinciding with swing low of previous range.
Stop loss would be under previous breaker candle - with this set up it would be a RR of 7.5 for TP1 and 17.5 for TP2. risking roughly 14-16pips for 150-200pips gain.
Good long position to hold if your exchange doesn't have swaps imo.
Good luck lads, hope USD crashes.
2nd TP would be 1.07860, near resistance coinciding with swing low of previous range.
Stop loss would be under previous breaker candle - with this set up it would be a RR of 7.5 for TP1 and 17.5 for TP2. risking roughly 14-16pips for 150-200pips gain.
Good long position to hold if your exchange doesn't have swaps imo.
Good luck lads, hope USD crashes.
Comment:
P.S made a mistake, both SLs should be equal, under the wick of breaker block