A breakout trade setup for EUR/USD

23 במרץ 2015

EUR/USD is trading near the current resistance area and may break out of its resistance level. As I trade based on price action, my long setup would be, entry at 1.0889, first T/P at 1.1032, and S/L at 1.0746 for a 1:1 risk/reward IF the pair breaks out of that 1.08410 resistance level.