On the 15 minute chart, we can begin a conservative long from 1.25865 - 1.26247 (Trade A). For the more aggressive trader, 1.25865 to 1.26580 (Trade B) is the option - or why not try both?
*1.25865 (approx) is also current support*
With the average true range of 0.00059 taken into account, S.L. for the respective trades are at:
A) 1.25574
B) 1.25374
Risk/Reward Ratio is 1.31 for Trade A, and 1.56 for Trade B.
Have a great weekend and good luck trading from Monday!
All comments are welcome.
*1.25865 (approx) is also current support*
With the average true range of 0.00059 taken into account, S.L. for the respective trades are at:
A) 1.25574
B) 1.25374
Risk/Reward Ratio is 1.31 for Trade A, and 1.56 for Trade B.
Have a great weekend and good luck trading from Monday!
All comments are welcome.