It was wise decision to avoid selling eurusd on the earlier idea as I cancelled the setup.
The price almost reached the earlier top and reversed down there.
Entry - current
Stop - 1.1755 (above earlier top)
Take profit - 1.1310 (ahead of earlier bottom).
The price almost reached the earlier top and reversed down there.
Entry - current
Stop - 1.1755 (above earlier top)
Take profit - 1.1310 (ahead of earlier bottom).
Note
EURUSD is in the pullback to retest the broken support.
After the breakdown of 1.1650 (previous low) we will move our stop lower above the current pullback.
Note
Microview on 15 minuteswave C already reached 61.8% of A
on this lower time frame we need to break below 1.1686 to terminate
this corrective structure
Note
system shows improper time of update as I set GMT+6 time zone in my chartsthe correction could be over as price broke below above mentioned 1.1686 trigger.
next is 1.1652 to let the swing traders get convinced that the market emerges to the downside.
1.1718-20 area now is the first invalidation alert
Note
Move stop from 1.1755 down to 1.1736Note
Move stop from 1.1736 down to 1.1721 as 1.1652 was triggered.
Risk/Reward ratio now grew from 4.86 up to 8.79
Note
Trade closed manually
Small profit booked as structure developed not as planned. It looks like a sideways correction therefore should wait and see for further opportunities.
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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.
Related publications
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.