EUR/USD - SIGNAL - BUY/LONG

3 Eki 2018

I am expecting a bounce off of the 20 period EMA after the surge we had during the Asian session. Now I am not jumping with market execution so pay attention the details below.

My details:
Buy Stop @ 1.1590
Stop loss @ 1.1570
Target @ 1.1616
Risk Reward = 1.30

For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.

3 Eki 2018

Not

even if the price breaks below the EMAs I will still consider the setup valid as we have the 61.8 and 78.6 fibs acting as support

3 Eki 2018

Not

my overall bias is to the upside

3 Eki 2018

Not

testing the fibonacci region now

3 Eki 2018

Not

still in the PRZ

3 Eki 2018

Not

setup invalidated as price broke through the 78.6

turning my eyes onto Gold (see the post on my profile)