SWING TRADING: SHORT EURUSD! TARGET 1.08100

Updated
TRADE TYPE: INSTANT ENTRY SHORT
TRADE DIRECTION: SHORT
TIMEFRAME: 4H
ENTRY PRICE: 1.09500
STOP LOSS: 1.10300
TAKE PROFIT: 1.08100
RISK TO REWARD: 1:2

ANALYSIS: Price broke the demand zone and is likely looking to aim for upcoming demand zone. stop loss ideally placed above swing high

Follow this thread for any future updates regarding this specific trade.

CAUTION: Trading outcome is Probability Based and could wipe out your account if risk management and strategy is not followed properly. Cheers
Trade active
Note
KINDLY ADJUST STOP LOSS UPWARDS TO 1.10400 LEVEL.
Note
KINDLY ADJUST STOP LOSS UPWARDS TO 1.10600 LEVEL. RR IS STILL NEARLY 1:2. EXPECTING SOME KIND OF SHARP REACTION AT THIS LEVEL AS WE ARE IN SUPPLY ZONE
Trade closed: stop reached
Chart PatternsTechnical IndicatorsTrend Analysis

Disclaimer