EURUSD (1D): Parallel Channel Bounce
Updated
EURUSD Timeframe: 1D
Direction: Long
Confluences for Trade:
- Price at Support of Parallel Channel
- Formed a Double Bottom Support
- Stochastic Oversold momentum
- Inside bar was formed yesterday
- Fundamentally, a week full of data in play with EU GDP (today) and also the highly anticipated US employment report on Friday. Stay light.
Suggested Trade:
Entry @ Area of Interest 1.1330 - 1.1405
SL: 1.1294
TP: 1.1552
RR: Approx. 2.06 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Trade active
Note
Take half profit on half of the positions and move SL to BE levels.Run the remaining position totally risk-free.
Trade closed: stop reached
No loss from this trade. Took half profit earlier and SL was moved to BE. :D
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
Disclaimer
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