Hello Traders,
We are looking for a pullback on the EURUSD downtrend.
Resistances: 1.13037, 1.13215
Supports: 1.12688
I set a SELL LIMIT ORDER below the resistance 1.13037 set the SL above the next resistance 1.13215. TP is set at the support 1.12688. See the arrows for my graphical projection.
Entry: SELL LIMIT 1.13001
SL: 1.13237
TP: 1.12712
Trade characteristics: Trend continuation with a limit entry on a retest of resistance
Expected trade duration: 1-2 days
Risk-to-Reward-Ratio: 1.22
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
We are looking for a pullback on the EURUSD downtrend.
Resistances: 1.13037, 1.13215
Supports: 1.12688
I set a SELL LIMIT ORDER below the resistance 1.13037 set the SL above the next resistance 1.13215. TP is set at the support 1.12688. See the arrows for my graphical projection.
Entry: SELL LIMIT 1.13001
SL: 1.13237
TP: 1.12712
Trade characteristics: Trend continuation with a limit entry on a retest of resistance
Expected trade duration: 1-2 days
Risk-to-Reward-Ratio: 1.22
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
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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.
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.