Trade of the Week - EURUSD Sell-Off Exhaustion
Updated
Reasons of Placing the Trade:
Oversold RSI with divergence
Volume Increase
Multiple reversal attempts along the bearish move
Setup:
Stop Loss: 50 pips of length @1.09200
Take Profit 1: 100 pips of length @1.10800
Take Profit 2: 170 pips of length @1.1150
Reward: 3.5:1 and 2:1
Oversold RSI with divergence
Volume Increase
Multiple reversal attempts along the bearish move
Setup:
Stop Loss: 50 pips of length @1.09200
Take Profit 1: 100 pips of length @1.10800
Take Profit 2: 170 pips of length @1.1150
Reward: 3.5:1 and 2:1
Note
reward reached so far : 2:1First demand level touched.
Trade closed: target reached
All the target reached
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