Yash_Dahiya

Trade Idea - EURUSD | TF - 4 HR | TP - 100 pips | SL - 75 pips

Long
FX:EURUSD   Euro / U.S. Dollar
Hello Traders!!

Analysis:
I have analyzed this chart using three concepts:
1) Fibonacci Retracement
2) Vertical Support and Resistance Line ( Trend Line )
3) Horizontal Support and Resistance Line


I have used 4 Hr time frame and also checked the monthly trend, which seems quite bullish .

I think 1.2100 will be a good point for jumping on the trend.

Entry and Exit:
Entry - 1.2100
Exit - TP - 1.2200 && SL - 1.2025

Risk Management:
You can use as per your own analysis. I have provided the risk to reward ratio in 3:4.

How to support me?
1) Follow and Like
2) Comment your opinion, if do not agree with my idea.
3) Also comment if you think I have a wrong way of approaching the charts.

Thanks for your support and Love!

Comments

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