EUR Day Trade Idea
Updated
Hello,
I think Eur should want to go higher above 1.16 and DXY should want to go lower than 94.60.
Eur could go higher than 1.1640 but I want to have a reasonable objective.
Buy: 1.1560 down to 1.1550
SL: 1.1540
TP: 1.1640
Risk/reward: 4:1
it very well might not come down to my buy price point.
It also could break below 1.1550. if it does that then we could go to around 1.15 at which I would again be a buyer there with a stop around 1.1485.
If we break below 1.15 I am on the sidelines for the rest of the week.
I think Eur should want to go higher above 1.16 and DXY should want to go lower than 94.60.
Eur could go higher than 1.1640 but I want to have a reasonable objective.
Buy: 1.1560 down to 1.1550
SL: 1.1540
TP: 1.1640
Risk/reward: 4:1
it very well might not come down to my buy price point.
It also could break below 1.1550. if it does that then we could go to around 1.15 at which I would again be a buyer there with a stop around 1.1485.
If we break below 1.15 I am on the sidelines for the rest of the week.
Trade active
Well I was a little high on my entry and I personally got stopped out... I guess my SL was too tight. I re-bought around 1.1550 and still remain bullish. we just might not get as high as 1.1640 today. we will seeTrade active
I took partial profit in here (1.1615)trying to hold out for 1.1640 but it is late in the day.
Friday could continue the up trend but is likely to give some gains back generally.
Trade closed: target reached
did not quite get the 1.1640... but still good results i would say.it could continue up Friday higher but Friday's can be a little iffy.
Good Luck & Good trading!
Bleggfx
Bleggfx
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