EURUSD Short Trade With Stop Loss 10 Pips And Take Profit 150 Pips
![Ahmad Hassam Ahmad Hassam](https://c.mql5.com/avatar/2016/11/582D7157-A728.jpg)
EURUSD is a wonderful pair when it comes to trading.
It can give you very low risk trades. It trends in one direction for a long time.
So once you have the trend direction confirmed, you can look for a low risk entry.
Read this new post on a EURUSD short trade that made a profit of 150 pips with a small stop loss of 10 pips.
I firmly believe in using a very small stop loss. My trading strategy tries to catch 100-200 pips with a 10-15 pip stop loss.
It took my many months to perfect my trading strategy. I trade on H4 chart. This is the best chart.
First I look at the weekly chart. Then I look at the daily chart. This gives me the sense in which market will move.
Then I use H4 chart for finding a low risk entry. Each H4 candle can provide you with a good entry.
I don't look at lower timeframe charts as they are not reliable.
After every four hour I look at the chart and a 1 minute glance can tell you whether you have a good trade or not.