2018Jun16 EURUSD D1 Possible Bullish AB=CD
There is a possible bullish AB=CD for EURUSD. Upon D completion at 1.13656 and confirmation of the bullish bias, I will go long. Stop loss is just below 161.8 of BC. The take profit targets are set at the 38.2 and 61.8 Fibonacci retracement levels of leg AD. Tentative details are as follows:
Trade Setup: Possible Bullish AB=CD
Price Entry 1.13656
SL 1.12943 | SL pips 71.3
TP1 1.16065 | TP1 pips 240.9
TP2 1.17552 | TP2 pips 389.6
RRR1 3.38 | RRR2 5.46
Trade Setup: Possible Bullish AB=CD
Price Entry 1.13656
SL 1.12943 | SL pips 71.3
TP1 1.16065 | TP1 pips 240.9
TP2 1.17552 | TP2 pips 389.6
RRR1 3.38 | RRR2 5.46
Order cancelled
This setup is invalidated as D completion did not occur. (June 29)
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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.