EURUSD Long (1:2)
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To enter a long position in EUR-USD, consider doing so around the 1.0885-1.0890 range, which aligns with the recent breakout level on the 15-minute chart. This entry should be confirmed by bullish candlestick patterns such as a hammer or an engulfing pattern, accompanied by volume spikes.
For the exit strategy, set your target at 1.09210
To manage risk, use a trailing stop-loss just below the breakout level at 1.0880, with a hard stop-loss placed just below the recent higher low at 1.0875.
Note: this is not a trading or investment advice. It is meant for education purposes only.
For the exit strategy, set your target at 1.09210
To manage risk, use a trailing stop-loss just below the breakout level at 1.0880, with a hard stop-loss placed just below the recent higher low at 1.0875.
Note: this is not a trading or investment advice. It is meant for education purposes only.
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