The EUR/USD pair has been in a range since late march and has been following the same supoort resistance zone since then. This week, the pair has reached support and has failed to break below it, despite a really strong dollar as of late. A bullish harmonic has finished forming at the current weekly support. Furthermore, the last 4H candle has closed bullish at the top of support. This pair could potentially retest weekly resistance once more in the coming days.
I have entered a long position at 1.0810 with a good R:R of 1:5. (Remember to never risk more than 2% of your account.) My stop loss is near the bottom of my zone at 1.0778. My take profit is at 1.0990.
I have entered a long position at 1.0810 with a good R:R of 1:5. (Remember to never risk more than 2% of your account.) My stop loss is near the bottom of my zone at 1.0778. My take profit is at 1.0990.
Trade closed: target reached