FXDAH

EURUSD Channel Trade 3:1 risk reward

Short
FX_IDC:EURUSD   Euro / U.S. Dollar
This pair has been trading within a fairly well-defined channel for quite some time now and the latest daily candle looks as though price is reticent to go higher and we have a nice rejection from the channel top and 200EMA indicating we are well set to go short here. We are at the channel top so this allows me a nice tight 55 pip SL and a 150 pip TP such is the structure so this looks a great trade.

Best of luck traders.

Comments

I have just added up all of my posts on here since my first post back on May 3rd - 1558 pips up! (leaving gold and UJ to run for as long as it takes) very happy with myself.
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+100 pips TP2 closed so I can enjoy the weekend 🤣
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+80 pips TP1 closed stop loss moved to entry on TP2 might leave to run over the weekend
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