@cdavis205 on EURUSD | PriceONN Community

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cdavis205
cdavis205 PRO newbie
EURUSD Mar 5
Just opened a long position on EURUSD at 1.16227. I'm targeting 1.1650, which is just below the recent high. Stop loss is set at 1.1605, giving me a decent risk/reward ratio. I'm basing this trade on the bullish trend we've seen over the past few days and the fact that the 50 SMA seems to be holding as support. I'm expecting some volatility due to the EU-US overlap session, but I'm hoping the overall momentum will carry it higher. I'll be watching closely and may adjust my stop loss if needed. Good luck to everyone trading today!
EURUSD

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