EUR/USD H4 | Rising to 61.8% pullback support
Updated
Account FP - #1080732
EUR/USD is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 1.08662 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.08880 which is a level that aligns with the 50% Fibonacci retracement level.
Take profit 1 is at 1.08351 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.43
Take profit 2 is at 1.07955 which is a pullback resistance that aligns close to the 100% Fibonacci retracement level. Risk/Reward Ratio: 1 : 3.24
Total risk 1.34%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
EUR/USD is rising towards a pullback support and could potentially bounce off this level to fall lower.
Sell entry is at 1.08662 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
Stop loss is at 1.08880 which is a level that aligns with the 50% Fibonacci retracement level.
Take profit 1 is at 1.08351 which is a pullback resistance that aligns close to the 78.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.43
Take profit 2 is at 1.07955 which is a pullback resistance that aligns close to the 100% Fibonacci retracement level. Risk/Reward Ratio: 1 : 3.24
Total risk 1.34%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Trade active
Account FP - #1080732Sell entry reached at 1.08662. Trade opened LOT: 0.06
Trade closed: stop reached
Account FP - #1080732Stop Loss triggered. Lifetime Win Ratio for this account now at 56.76%.
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