Possible big long position incoming on EURUSD. A major pullback has occurred shortly after the break of the trend line to the upside. Price has completed a big pullback to a minor support line which has been indicated on the chart and the price should continue from this support line all the way back up. Will be entering a trade with minor stop loss of 20 pips and Risk/Reward ration on this trade is 9.81 or just below 10/1 which is relatively good. Keep an eye out for this as stop loss is very tight so as to minimise losses and secure a very big climb. FX:EURUSD
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Price has hit small 20 pip stop loss. Will revisit the chart for this pair and see what is going on.