In daily chart EURUSD formed the bearish candle with strong selling Volume candle.
In 4hr Time frame it has formed Falling Wedge Pattern and make breakdown for downside.
------------------------------------------------------------------------------------------------------------- Risk and reward In this trade will be 6:91
Entry At : 1.09761
Sl will be : 1.10307
Target 1 : 1.08394
Target 2 : 1.07164
Final Target : 1.05990
--------------------------------------------------------------------------------------------------- This is education purpose trade. Please take advice from your financial adviser before taking any trade in live market. -----------------------------------------------------------------------------------------------------
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first target will be soon achieve. first trade got stoploss hit second entry is activated now
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add 60% sell qty at 1.08725 from the booked profit qty for safer side remaining 40% qty will be add on 1.08983
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At 1 Hour TF its forming inverted hammer which indicate downside moment.
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I am in profit of 76 pips second entry
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If EURUSD take support or make any candle which indicate trend reversal or bullish candle level at 1.08533 i will book full second trade and trail my first trade at cost to cost. (For bigger target)
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141 pip profit booked. and waiting for new entry on high level