Trade of the Week - EURUSD Sell-Off Exhaustion

Reasons of Placing the Trade:
Oversold RSI with divergence
Volume Increase
Multiple reversal attempts along the bearish move

Setup:
Stop Loss: 50 pips of length @1.09200
Take Profit 1: 100 pips of length @1.10800
Take Profit 2: 170 pips of length @1.1150
Reward: 3.5:1 and 2:1

Yorum:

reward reached so far : 2:1
First demand level touched.

İşlem kapandı: hedefe ulaştı:

All the target reached