EURUSD showing signs of going down
Hey Guys,
Looking at this trade, at the 4H TF, it seems like the EURUSD has some rejection at the 1.2445 level followed by a downward trend and thus im entering this trade to short the EURUSD to below the 0.618 level.
I would expect some retracement period between the 0.382 and 0.5 level before going down.
So if you are happy with you profit, you can close some at that level.
T/P at 1.2270
S/L at 1.2465
Comments and feedback are appreciated.
Don't forget, Stop loss at 2% of your capital
Cheers!
Looking at this trade, at the 4H TF, it seems like the EURUSD has some rejection at the 1.2445 level followed by a downward trend and thus im entering this trade to short the EURUSD to below the 0.618 level.
I would expect some retracement period between the 0.382 and 0.5 level before going down.
So if you are happy with you profit, you can close some at that level.
T/P at 1.2270
S/L at 1.2465
Comments and feedback are appreciated.
Don't forget, Stop loss at 2% of your capital
Cheers!
Note
A good time for some profit before entering the retracement period.Do note that this dip was also motivated by the ECB news
When looking into this trade, i didn't put the news into consideration.
Trade closed: target reached
We got ouselves a profit,lets close this trade
Cheers!
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