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 TP1Note
Moved SL to TP1: 0.91271Trade active
Removed TP2 and set up a 10pip trailing stop to allow the trade to run.Trade closed: target reached
Hit trailing stop
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.