Yuriy_Bishko
Long

EUR/USD, trading plan for next week.

OANDA:EURUSD   Euro / U.S. Dollar
2 scenarios for next week:

- I will open Buy if the price will make a pullback to 1.1302.
Because EURO made a fake broke key level 1.1302 + D1 and W1 chart close above it.

- If the price will break up key level 1.1432 and D1 close above it. That will be 2nd safe place to open buy.
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I agree with you and think about bullish trend here too:
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We have a bullish view bias on EURUSD. If it surpasses its horizontal resistance at 1.1419, we expect to see a further move up. Here’s our idea!
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@FXCM-EDU, what is your risk-reward ratio??
+3 Reply
Jnwsk Yuriy_Bishko
@Yuriy_Bishko, The R:R looks absolutely HORRIBLE !
+2 Reply
Edgy_ Yuriy_Bishko
@Yuriy_Bishko, R:R makes no sense, but maybe they're betting on higher probability.
+1 Reply
@Edgy_, Great way to lose money in the long run
+1 Reply
Edgy_ tradeformula
@tradeformula, The probability is at least as important as the R:R. (=> In general, I'm not trading or referring to the current example).

Suppose the R:R is highly in your favor, but the probability of that certain pattern/break-out is not in your favor. => This is actually one of the biggest mistakes that traders make.
+1 Reply
@Edgy_, totally agree
Reply
very good, thank you
+1 Reply
Yuriy_Bishko Moiseiev_Yurii
@Moiseiev_Yurii, thanks))
+1 Reply
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