Tag Archives: pivotlevel

EUR/USD: long entry

I entered long EURUSD last evening on a pullback below the 1.4488 high. I run a wider stop on this trade trying to improve the profit/loss ratio of my trade performance. Also I start using intraday pivot levels on the 15m tactical timeframe to help me to pinpoint entry/exit levels. Entry was at 1.4466 with inital stop 1.4416 and target 1.4616 for a 50/150 pips risk/reward.
Note: I was trying to find a breakout pullback entry after the break of the interim trendline on the 1h chart (blue line) but failed to catch a fakey setup on the 15m chart.