In the bottom left-hand corner I pointed out an area that you may want to consider when thinking about stop placement. And if you're a trader that doesn't use stops, or like's to move them...I highly recommend checking out the Trading Blog Link below as a conversation with a trader right here on Tradingview, lead to a fantastic lesson about the Dangers of either not using stops, or adjusting them. In my opinion, you need to do your homework on the position, find an area that tells you when you're wrong and stick to that price. Don't let the Trading Ego get in the way and cost you more money than you're willing to lose. Anyway.....
This trading idea also works well with the $EURUSD shared earlier this week. Although I'm still not sold on a continuation higher, the opportunity for extended targets is much better than it previously was.
The Truth About Forex
The Process of Trading