Euro / U.S. Dollar
Long
Updated

EURUSD trading back into the range

57
Look like the EURUSD made a false break out the trading range it is in. The pin bar fakey signals a high probability of a turn around back into the range. I will be using a wide stop and target the inner top of the range.

Trend: range
Level: bottom support of the range
Signal: fakey
Note
Moved stop up and placed short entry below the stop in case price breaks below the inside bar that formed.
snapshot
Note
Fakey formed. Moved up stop further and moved possible short entry.
snapshot
Note
My long position was closed at 1.17R and turned around short. The short position is still open.

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.