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BoonHooi
13 avr. 2017 06:51

EURUSD support & resistance defined Short

Euro Fx/U.S. DollarFXCM

Description

Looks like EURUSD has a clear range to move in from 1.05 to 1.07

Pattern Identification
I see a bearish Bat pattern completing in the smaller H1 time frame
Will put this chart up in more details

Trade execution
If price rejects the PRZ, can look to take the short trade

Transaction en cours

Entered the trade a little late, stops has to be above 1.07

Trade fermée: cible de profit atteinte

Since I entered late (lousy price 1.0653), I took profits at TP2 (1.0611) for a 42 pip profit. The last candle closed at a low, indicating there could be more downside next week.

Let's see if it presents any opportunity to re-enter a short trade

Commentaires
williejfx
A good trade, I'm trading the bat on the 1hr. I went short at 1.06702, limit is 1.06320 and my stop is 1.07129
BoonHooi
@williejfx, you got in at a much nicer price. I saw this late.
Congrats
williejfx
@BoonHooi, yes sir, thanks.
BoonHooi
@williejfx, congrats !! Good trade here
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