Potential Long opportunity for EurUsd
Updated
The EurUsd is in an uptrend, price got rejected from 1.2258 - 1.2195 support area (Daily Chart) with a strong buy last Thursday.
Price retraced slightly today and Pin bar can be spotted on 1hr timeframe rejecting from the 31.8% fibonacci level.
I missed the first Pin but price came down again with another Pin rejecting the first Pin bar's high, allowing me to get into the trade.
My position:
Entry : 1.2297
SL : 1.2220
TP : 1.2420
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Price retraced slightly today and Pin bar can be spotted on 1hr timeframe rejecting from the 31.8% fibonacci level.
I missed the first Pin but price came down again with another Pin rejecting the first Pin bar's high, allowing me to get into the trade.
My position:
Entry : 1.2297
SL : 1.2220
TP : 1.2420
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Note
Adjust my TP a little higher as Pin was formed yesterday on the Daily timeframe.New TP @ 1:2447 (just nice for 1:2 risk rewards)
Note
Adjusted my SL to breakeven. So it is either a breakeven or a winning trade. Risk free!!!Note
I have lowered my TP to 1.2425 as EurUsd simply did not want to hit my profit target before coming back down. ** stick to 1 : 1.5
Trade closed manually
Closed my trade manually with only 1r. Should have stick to my initial plan. Looking forward to next opportunity and stay discipline.
My trade record since Feb 2018
+ 1.2r
Note
26/2 - Eur/Cad (-1.0r)27/2 - Gbp/Aud (breakeven)
5/3 - Nzd/Usd (+1.2r)
5/3 - Eur/Usd (+1.0r)
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.