Euro price looks too high and likely going to see a reversal soon.
The Day chart is indicating the market is overbought on the stochastic oscillator.
4Hr chart indicating an overbought market, as well as the 5 and 8-day SMAs crossing as a reversal signal. Candles are showing uncertainty with Doji's etc.
Following the Fib for SL & TP's
Entry: 0.92184
SL: 0.92902
TP1: 0.91271
TP2: 0.90639
The Day chart is indicating the market is overbought on the stochastic oscillator.
4Hr chart indicating an overbought market, as well as the 5 and 8-day SMAs crossing as a reversal signal. Candles are showing uncertainty with Doji's etc.
Following the Fib for SL & TP's
Entry: 0.92184
SL: 0.92902
TP1: 0.91271
TP2: 0.90639
Trade closed: target reached:
Hit TP1
Comment:
Moved SL to TP1: 0.91271
Trade active:
Removed TP2 and set up a 10pip trailing stop to allow the trade to run.
Trade closed: target reached:
Hit trailing stop