Week 11 Trade 1 EU Short
Updated
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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