Euro / Dolar USA
Long

EURUSD: Against all odds - Scaling into longs

156
Even as daily and 4h chart are in a clear a downtrend, the current volatility and the great Risk-Reward-Numbers make this set-up really attractive for me to scale in here:

- On 4h chart I use RSI(4,close), which gives good signals for overbought, oversold conditions and right now EURUSD is very oversold
- area between 1.2240-1.2250 is a major support area, which is another point I like
- BUT, BUT, BUT... the main trend is clear down, so this setup is really agains all (normal) odds and is playing only on great reat risk-reward numbers, the current volatility with shart reversals and RSI(4,close)

- if stoped out, maybe a good idea to get long on a false break-out pinbar on 1h chart, so probably something like that: long@1.2250 and SL at 10pips below recent low with ProfitTarget still at 1.2390

1. half postion at 1.2270, SL@1.2230 (-40), PT@1.2390(+120), R:R=3.0 (as written below, opened first half position at 1.2280 -> R:R=2.2)

2. half postion at 1.2250, SL@1.2230 (-20), PT@1.2390(+140), R:R=7.0

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