EURUSD reached a PEAK @ 1.19081 and is currently trading around 1.1865x (it has come down around 40PIPs)
I am betting this downward momentum will not develop into a BEAR TREND. So the counter is still BULL and may resume BULL rally anytime
So I am BUYING EURUSD @ 1.186xx (the ‘xx’ indicates 4h and 5th decimal places can be anything) with the following parameters
TRADE-1: BUY EURUSD @ 1.1865
CUT-LOSS @ 1.18000
Profit-Target @ 1.1908
Now the RISK vs. Rewards is 43PIPs Vs. 65PIPs.
For those who prefer 1:1 then place LIMIT ORDER @ 1.1852 instead of entering @ SPOT