Accidentally posted this analysis under USDJPY The actual Pair is EURUSD
Looking for a retracement on EurUsdto align with the previous market support to form the spring and next bull run. This is a longer-term trade with a deep stop loss of 111 points make sure you know how to calculate risk / Reward 111 pips at .05 is around $55.55 risk for $166.00 reward. Stick with 1% or whatever you're comfortable with. We're already up big this month at around 17% so be smart with risk as it doesn't take a lot of risks to catch something huge and change your whole perspective on trading and money in general.
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