Week 11 Trade 1 EU Short
Reasons for entry:
- 88.6% fib rejection + pink line rejection
- 1.1300 Major psychological level
- 2hr bearish engulfing, 1hr evening star
- Price is losing moment and beginning to stagnate
Entry Timeframe:
- 1hr evening star
- 1.1289
Stop Loss:
@1.1307 (-18pips)
Take Profit:
Target 1 @1.1250 (+39pips) = Risk/Reward : 1:2.1
Target 2 @1.1200 (+89pips) = Risk/Reward : 1:4.8
Target 1 @1.1150 (+136pips) = Risk/Reward : 1:7.5
Notes :
-
- 88.6% fib rejection + pink line rejection
- 1.1300 Major psychological level
- 2hr bearish engulfing, 1hr evening star
- Price is losing moment and beginning to stagnate
Entry Timeframe:
- 1hr evening star
- 1.1289
Stop Loss:
@1.1307 (-18pips)
Take Profit:
Target 1 @1.1250 (+39pips) = Risk/Reward : 1:2.1
Target 2 @1.1200 (+89pips) = Risk/Reward : 1:4.8
Target 1 @1.1150 (+136pips) = Risk/Reward : 1:7.5
Notes :
-
Trade closed: stop reached
SL Hit -18pipsCurrently awaiting another short opportunity.
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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.