EurUsd has a low ADR, so only except 60 pips on Monday--- to the bullish side. Will be setting up trade with that in mind:
1) Enter: 1.18200 (once price action hits this, in trade)
2) Stop: 1.18000
3) Target: 1.18600
Risk Reward: 1:3 or 20 pips vs 60 pips on this trade setup.
This setup is related to bullish wolfe wave pattern setup, resistance at target and other analysis of big picture to trading chart.
This is a set it and forget it trade, using right risk management for your account size, which is generally around 2%.
1) Enter: 1.18200 (once price action hits this, in trade)
2) Stop: 1.18000
3) Target: 1.18600
Risk Reward: 1:3 or 20 pips vs 60 pips on this trade setup.
This setup is related to bullish wolfe wave pattern setup, resistance at target and other analysis of big picture to trading chart.
This is a set it and forget it trade, using right risk management for your account size, which is generally around 2%.
Trade closed manually:
on Tuesday r/t bearish trading...trend.