An AB=CD pattern has been identified on the EURUSD chart, signaling a potential bullish movement.
Entry is advised near point B at 1.08845, with a stop loss positioned below point C at 1.0818 for risk management.
The take profit target is set at 1.095. Lot size is 0.08, with a risk-reward ratio of 0.5.
This setup presents a conservative approach to trading, emphasizing risk management. Traders should remain vigilant and adapt to changing market conditions.
Trade Plan:
Entry: Near point B at 1.08845
Stop Loss: Below point C at 1.0818
Take Profit: 1.095
Lot Size: 0.08
Risk-Reward Ratio: 0.5
Entry is advised near point B at 1.08845, with a stop loss positioned below point C at 1.0818 for risk management.
The take profit target is set at 1.095. Lot size is 0.08, with a risk-reward ratio of 0.5.
This setup presents a conservative approach to trading, emphasizing risk management. Traders should remain vigilant and adapt to changing market conditions.
Trade Plan:
Entry: Near point B at 1.08845
Stop Loss: Below point C at 1.0818
Take Profit: 1.095
Lot Size: 0.08
Risk-Reward Ratio: 0.5