(LOSS) A short term long on EURUSD (2.8:1 risk/reward)
We're getting close to the previous structure high which is currently the structure low for this short term up trend. I like the risk/reward here even though I missed the lows.
0.382 Fib level has been key for a while now and we are right at that point from the current swing low to swing high.
Daily Chart Key indicators:
Fib 0.382 Level.
1.1039 Structure Low support.
Above 50 MA.
15 EMA First Crossover Touch.
1.11000 previous whole number support.
Risk = 2.85 : 1
UPDATE: After being up 100+ pips twice, news hit and destroyed this trade but the real lesson here is that I should have at least break-even'd my trades to make it risk free.
0.382 Fib level has been key for a while now and we are right at that point from the current swing low to swing high.
Daily Chart Key indicators:
Fib 0.382 Level.
1.1039 Structure Low support.
Above 50 MA.
15 EMA First Crossover Touch.
1.11000 previous whole number support.
Risk = 2.85 : 1
UPDATE: After being up 100+ pips twice, news hit and destroyed this trade but the real lesson here is that I should have at least break-even'd my trades to make it risk free.
Related publications
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.