Confluences for Trade: - Inverted Head and Shoulders Formation - Stochastic not in Oversolld conditions - Good risk-to-reward ratio - Fundamentally, the positivity from Trump-Xi trade talks should give the market some relieve from the dollar strength we been seeing. Adding on Italy is showing some willingness to amend their budget to come to a compromise with EU budget ruling would also give a boost to the EUR.
Suggested Trade: Entry @ Area of Interest 1.1300 - 1.1370 SL: 1.1256 TP: 1.1547 RR: Approx. 3.49 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
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Locked in half profit and move SL to BE. Run the remaining position totally risk free.