Tuesday, August 6, 2013

EURUSD setup

EURUSD on 1H timeframe in a clearly defined range:







I have put in the levels for a possible trade, which would be a short. Now for a short the probability in the trade is a little less good than optimal because the overall trend is bullish. On the contrary though, because of the range being as clearly defined as is the case the r:r of the setup is very strong.





A long from the point of "target" could also be established, though with this would require a wider stop.



Put on some risk! :tiphat:



by supertramp via InformedTrades

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