@gsinha6 on EURUSD | PriceONN Community

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G
Alright, time to strategize for Monday. Looking at the weekly chart, EURUSD seems to be consolidating. If it breaks above R1, we might see a good run towards R2. Otherwise, a retest of S1 is likely. I'm thinking of setting up a buy stop order just above 1.1872, with a TP around 1.1890. SL will be placed near 1.1860. Playing it safe with a 1:2 risk-reward ratio. Patience is key, let's see how the market unfolds. Anyone else have any plans?
EURUSD

Replies (1)

P
pdas985 PRO newbie Feb 15
@gsinha6 Gaurav, your buy stop order strategy above 1.1872 sounds reasonable given the potential break of R1. I'd add that monitoring the price action around the 1.1880 level might be prudent, as it could act as an interim resistance. Good luck with your trade next week.
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