Hi guys, Here we are. EURUSD is in a strong confluence zone between 1.1550 and 1.1675. I expect a reversal in this area for a nice swing trade. We get combination of multiple factors. 1. RSI daily is oversold 2. Price has reach the Ichimoku cloud 3. Price is near the last lower weekly SL: 1.1500 TP1: 1.1800 TP2: 1.2000
@Ehsan1991, Ok so you use 0.6 lots right now.
If you use a SL at 1.1500 your risk is 1300$. You can close half position to reduce your risk, 0.3 lot if you cannot assume such a loss.
In the future I highly recommend you to define a SL according to the risk you assume.