Euro / U.S. DollarShort
EURUSD SHORT
TRADE:
ENTRY: 1.1080
SL: 1.1150
TP: 1.0800
RISK : REWARD RATIO = 1:4 70 PIPS RISK : 280 PIPS REWARD
This is a EURUSD SHORT idea using the Fibonacci retracement tool. Target 1 @ 127% level (1.0926) has already been hit. Price is now taking another retracement up to the zone between 78.6% an 86% levels where I believe it will reject and continue to fall to Target 2 @ 161.8% level (1.0790).
Happy Trading!
JJ
ENTRY: 1.1080
SL: 1.1150
TP: 1.0800
RISK : REWARD RATIO = 1:4 70 PIPS RISK : 280 PIPS REWARD
This is a EURUSD SHORT idea using the Fibonacci retracement tool. Target 1 @ 127% level (1.0926) has already been hit. Price is now taking another retracement up to the zone between 78.6% an 86% levels where I believe it will reject and continue to fall to Target 2 @ 161.8% level (1.0790).
Happy Trading!
JJ
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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.