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laughingchartist

EURUSD [1-3 days view]

Long
Euro / U.S. Dollar (FX_IDC:EURUSD)  
laughingchartist Updated   
FX_IDC:EURUSD   Euro / U.S. Dollar
Trend Analysis Technical Indicators Chart Patterns EURUSD Forex trading investing Technical Analysis charting laughingchartist
12
0
trendanalysis indicator chartpattern eurusd forex trading investing technicalanalysis charting laughingchartist
Buy EURUSD
Entry: 1.11305
SL: 1.11110
TP1: 1.11599
TP2: 1.11754

Price made a new higher low and is now above EMAs. MACD looks to also cross above the 0 level and set to enter bullish territory. Risk reward isn't exactly attractive for me, so i'm risking a small amount on this trade.

TP is determined by Fibo retracements as seen on the chart.

Cheers. Please do your own due diligence.
Trade closed: stop reached
Comment:
This trade actually hit my TP 1 as expected.
Nothing to be upset about as my analysis and direction was absolutely spot on.
The only thing to take note of:

1) Be wise about putting your stops
2) Also always be careful about stop hunts especially for guys like us.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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