EUR/USD Update Monday September 18 at 24:00 ET
On the upwards corrective wave we predicted a reversal point of about 1.2700, which is why I posted a prediction trade yesterday as quoted below with entry at 1.2697. Now EUR/USD has risen to 1.2726, which is not unexpected. Based on the latest data, for this trade to be secure in surviving, the stop will need to be raised to 1.2756. This increases the risk to 61 pips, but this is still acceptable as the likelihood of meeting the target at about 125.55 or lower is quite high, which means the reward is 141 pips, so the reward : risk ratio is still decent.
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Previous trade signal:
Monday September 18 at 2:00 ET
Trade Signal #176 Sell EUR/USD at 126.97
Stop is 127.32
Target is 125.55
Risk is 37 pips
Reward is 141 pips
Reward : Risk Ratio is 3.8 to 1
For research purposes only.
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On the upwards corrective wave we predicted a reversal point of about 1.2700, which is why I posted a prediction trade yesterday as quoted below with entry at 1.2697. Now EUR/USD has risen to 1.2726, which is not unexpected. Based on the latest data, for this trade to be secure in surviving, the stop will need to be raised to 1.2756. This increases the risk to 61 pips, but this is still acceptable as the likelihood of meeting the target at about 125.55 or lower is quite high, which means the reward is 141 pips, so the reward : risk ratio is still decent.
_____________________________________________
Previous trade signal:
Monday September 18 at 2:00 ET
Trade Signal #176 Sell EUR/USD at 126.97
Stop is 127.32
Target is 125.55
Risk is 37 pips
Reward is 141 pips
Reward : Risk Ratio is 3.8 to 1
For research purposes only.
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