Long or Short: Long
Entry Point/s: 1.4500
Stop Loss: 1.4450
Profit Target/s: 1st TP at 1.46 and final TP at 1.49
Reward-to-risk Ratio: At least 3:1
Risk percentage:1%
Indicators used: None
Trade Rationale: EURUSD has been bullish for quite sometimes. 1.4500 is a big round number and acted as support and resistance before. NFP broke through this level and went past 1.4600. I will look for a retracement before entering EURUSD. The best place will be 1.4500 which is a potential support. Interest rates for EURUSD will be out next week. I expect the rate to remain the same, which will not be harmful to EURUSD.
Trade Adjustments: When price reaches 1.4550 (1:1 risk and reward), I will move my stoploss to BE.