Background:
- Bullish reversal candle after breaking below of 50MA support and horizontal support @ 1.068
- There is also bullish divergence formed
Entry:
- Buy stop with 20 pips above signal candle high @ 1.071
SL:
- Set at 23.6% fib level of the signal candle @ 1.6657
PT:
- Set near resistance area at previous swing high and 200MA resistance
- Bullish reversal candle after breaking below of 50MA support and horizontal support @ 1.068
- There is also bullish divergence formed
Entry:
- Buy stop with 20 pips above signal candle high @ 1.071
SL:
- Set at 23.6% fib level of the signal candle @ 1.6657
PT:
- Set near resistance area at previous swing high and 200MA resistance
Trade closed: target reached:
Updates - 1 May 2017:
- Trade PT on the 24 April's gap up @ 1.081
- Seems like it is on a bullsih frenzy with the gap but would on to further trade on EURO pair until finalisation of the french election on 7 May 2017.
- Trade PT on the 24 April's gap up @ 1.081
- Seems like it is on a bullsih frenzy with the gap but would on to further trade on EURO pair until finalisation of the french election on 7 May 2017.