2016-04-06_02-04-04eurtrydaily

Hello all,

On this eurtry daily chart price has been moving sideways for over 20 days now between a range of the area of 3.25400 to 3.17800.

The goal is to let price stay in the range as long as it wants and to trade the breakout.

For that I advise a daily candle closing outside of the range.

You may wait for price to retrace back into the range if you prefer to work with a tighter stop.

2016-04-06_02-13-24eurtry15min

This 15 min chart shows you a conservative entry when either the upper or lower boundary is broken.

You may place a stop loss regarding this time frame and use a profit target of the daily chart.

Like this you may have a very very good risk to reward.

Wishing you the BEST OF PIPS

One thought on “EURTRY Analysis”

  1. Tyler Lund - FOREX.TODAY says:

    Thanks

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