EURUSD Short Opp, RR 1:1.23
Reasons to enter:
1. Due to FOMC last night, the price fall and formed a new lower high.
2. EMA 21 was crossed below, and a reversal was shown. The price retraces back to EMA 21 for pullback and now going down to the next support.
3. Fibo levels 38.2% and weekly resistance was respected, hence, the price now is aiming for the next weekly support (blue horizontal line).
4. Respected the trendline and aiming for a new lower low.
Entry : 1.1900
TP: 1.1765
SL: 1.2010
**Do trade safe as this might be a risky trade due to the upcoming Draghi speech.
1. Due to FOMC last night, the price fall and formed a new lower high.
2. EMA 21 was crossed below, and a reversal was shown. The price retraces back to EMA 21 for pullback and now going down to the next support.
3. Fibo levels 38.2% and weekly resistance was respected, hence, the price now is aiming for the next weekly support (blue horizontal line).
4. Respected the trendline and aiming for a new lower low.
Entry : 1.1900
TP: 1.1765
SL: 1.2010
**Do trade safe as this might be a risky trade due to the upcoming Draghi speech.
Ordre annulé
The trade was canceled, as H4 candle broke above the weekly resistance 1.19250. Will continue to monitor this pair next week! =DTransaction en cours
Target of 1.1765 is still intact! Personally re entered this trade ;) Be careful with the lot sizes ya ~Trade fermée: cible de profit atteinte
Target 1.1765 reached! Obtained about 80+ pips as i entered late! Am expecting further downwards for EU! =D
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