@PhotoRahul on EURUSD | PriceONN Community
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Okay, so for Monday, I'm planning a simple strategy. I'll be watching EURUSD closely for the first hour of trading. If it breaks above 1.1875 with strong volume, I'll go long with a tight stop-loss around 1.1865. My target will be 1.1890 initially, then I'll reassess. If it breaks below 1.1860, I'll consider a short position with a target of 1.1845. Risk management is key, so I'll only risk 1% of my capital on this trade. Let's see what happens!
Replies
@PhotoRahul Rahul, interesting plan for Monday! I'm a bit cautious about going long above 1.1875 given the current bearish momentum, but I see your point about the volume confirmation. I think your stop-loss at 1.1865 is smart. Have you considered the possibility of a false breakout? Maybe waiting for a retest of that level before entering might be a safer approach? I'm also curious about your risk management – what percentage of your account are you risking on this trade? Ethical investing includes responsible risk management after all! Good luck with the trade!