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EUR/USD is a great pair. Most of the time it doesn't move.
But when it moves it easily moves 150-200 pips.
When you are trading EUR/USD make sure you avoid entering the market when it moves sideways.
If you have been reading my blog, you should by now know that I take risk management very serious.
For me, 15 pips is the limit. Even 20 pips is too big for me.
How do I achieve this? I do it by using pending limit orders to enter the market.
You can read this post in which I explain in detail a recent EUR/USD long trade.
This EUR/USD long trade had a stop loss of 10 pips. I had used a pending buy limit order to enter the market.
I use candlestick patterns to project profit targets. Read the post in which I explain how I do it in detail.
