EURUSD is close to trendline support and long-term Fibonacci retracement level provides further support.
Dollar Index (DXY) is showing weakness.
This could be a good chance to enter a LONG trade, since we have room above.
Stop Loss: Fibonacci support (about -1% @ 1.2166)
Target price: three times our risk (+3% @ 1.2643)
Dollar Index (DXY) is showing weakness.
This could be a good chance to enter a LONG trade, since we have room above.
Stop Loss: Fibonacci support (about -1% @ 1.2166)
Target price: three times our risk (+3% @ 1.2643)
Comment:
Good news: since $EURUSD keeps climbing, I just raised SL level to 1.2400.
Now we have a 10% guaranteed profit on this trade!
Let's wait and see..
Now we have a 10% guaranteed profit on this trade!
Let's wait and see..
Since we're currently in profit, I think it's wise to raise our SL level to 1.2340 (above entry point).
This opportunity has turned into a free trade: since we entered with 10X leverage, now we're going to catch 5% safe profit in worst case scenario.