thesamuraimethod

EUR/USD (Long Hizukuri)

Long
thesamuraimethod Updated   
FX:EURUSD   Euro / U.S. Dollar
EUR/USD is forming a beautiful Hizukuri Pattern. If the 4H candle closes above the -15 degree angle, then we will have a great opportunity to buy as long as the pair provides us with a good risk reward.
Trade active:
Due to the formation of a Nodachi pattern I am adjusting my take profit to 1.1520 level.
Trade closed manually:
One of my rules is to move my stop loss to break even when I get 1:1. Many usually disagree with this practice, but if the price dose not move in my direction it tells me that something is wrong. I just get out and wait for the next opportunity. Losses are psychologically more devastating than winners.
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