EURUSD - Price seems to be trading towards in a bullish direction upwards, towards a key resistance level for potential sells, retracement down to potentially, the next order block.
Impulse Short entries can be taken once price retest the resistance region.
We had our sell limits set up with potential downside in the R:R ratio of 1:6.
SL can be placed just above the recent high and TP can be placed just before the key order block to be safe.
SELL LIMIT ORDER
R:R ratio 1:6
E/P: 1.0590
T/P: 1.0460
S/L: 1.0610
TP - Green Zone
SL - Red Zone
Impulse Short entries can be taken once price retest the resistance region.
We had our sell limits set up with potential downside in the R:R ratio of 1:6.
SL can be placed just above the recent high and TP can be placed just before the key order block to be safe.
SELL LIMIT ORDER
R:R ratio 1:6
E/P: 1.0590
T/P: 1.0460
S/L: 1.0610
TP - Green Zone
SL - Red Zone
Comment:
SL adjusted to 1.06192