Here is a H4 chart showing a potential area that EURUSD will continue upwards. A Bullish H4 candle is bouncing off what could be a potential trendline which is also at the precise point of the Daily 20 sma.
Bought here you could you gain a large reward/risk but would you wait for further confirmation? This confirmation may come in the form of further H4 candles forming a double bottom or higher lows and maybe higher highs. This may reduce your reward but how strong of a signal do you wait for?
This question is aimed generally at such a scenario, not just at this EURUSD setup that is occurring now.
Bought here you could you gain a large reward/risk but would you wait for further confirmation? This confirmation may come in the form of further H4 candles forming a double bottom or higher lows and maybe higher highs. This may reduce your reward but how strong of a signal do you wait for?
This question is aimed generally at such a scenario, not just at this EURUSD setup that is occurring now.