It looks like the bulls are back to the EUR/USD - however Geo-political risks still lurk... Important to keep on following on developments from Italy as the 10 year bond climb 100% only in May... I personally believe that this is a correction that will be quickly reversing back to the original Bearish movement.
- yes it is going up still but the flip will most probably be before/around here
VanSteenMarketResearch
⋅
Just curious, why did you put your stop and targets at those price levels?
TradeProperly
⋅
@timvansteen, I took the Fib 38.2 level of the bearish trend started at 1.18(unfortunately I am still learning the best way to use Trading-view..) - and this level is at the cross of the 38.2% towards the 50% and that is where i cut my loses - the T.P is there because I like taking a ratio of more than 2:1 trading long term(sometimes I close before - depending on market conditions)
VanSteenMarketResearch
⋅
@TradeProperly, Okay good. Just a tip is to match it with a relevant price level (the target). For example in this setup it is at a good place because it's around the 1.14 round number. Are you in this trade?
VanSteenMarketResearch
⋅
The thing I mean is, the more evidence you got for something, the stronger the setup. Happy trading ;)
TradeProperly
⋅
@timvansteen, completely agree - and thx - you to!!
TradeProperly
⋅
@timvansteen, yes I am in this trade - and just reinforced it.
Ronnie_Dong
⋅
Your chart is very nice.
please Follow me,
I hope my view can help you make more money.
TradeProperly
⋅
@dongrui, thanks...
I am used to work with different charts - so still very basic with trading-view ones.
Hopefully it will improve as time goes..