EURUSD
ONLY PLACE TRADE IF RISK TO REWARD IS <1
ENTRY PRICE: 1.14980
STOP LOSS: .236 RETRACEMENT
TAKE PROFIT 1: 1.14460
TAKE PROFIT 2: 1.14120
TAKE PROFIT 3: 1.272 EXTENSION
KEEP IN MIND PRICE CLOSED BELOW TEMA, MOMENTUM IS GETTING MORE BEARISH BUT MACD SHOWED NO LOWER LOW OR BEARISH DIVERGENCE WHILE RSI DID AND THERE IS NOW SIGN OF BEAR ON 4 HOUR SO I WOULD WAIT FOR EXTRA CONFIRMATION BEFORE ENTERING TRADE. ONLY PLACE THE TRADE IF A 4 HOUR CANDLE CLOSES BELOW 1.14980
PLACE STOP LOSS TO BREAK EVEN WHEN PRICE HIT'S FIRST TARGET
LOOK OUT FOR ECONOMICAL EVENT'S
THIS IS JUST MY ANALYSIS IT COULD BE RIGHT OR WRONG.
PLEASE LEAVE POSITIVE FEEDBACK, CRITICISM, YOUR THOUGHT'S AND YOUR IDEAS
lIKE IF YOU FOUND THIS USEFUL AND FOLLOW ME FOR MORE IDEAS- I WOULD REALLY APPRECIATE IT
GOOD LUCK, TRADERS
Trade active
Note
Bounced of swing lowTrade closed: target reached
Target 1 reached, place sl to break evenTrade closed: stop reached
Stopped out with no loss
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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.