We see that the 0.786 fibonacci level as well as the 1.272 extension create a great area to take this trade. If we look left, we can also find some support and therefore it all makes a great case for entry this trade. I am looking for a 1:4 Risk:Reward ratio and that is GREAT! I will take the trade as long as it comes back at 112.47. I will keep you updated.
Have a great Day ;)
İşlem aktif
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As news are coming, I decided to take this trade right now and still have a little more than 1:1 risk ratio. Have a nice trade ;)
İşlem kapandı: durdurma seviyesi
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Yorum
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Sorry, not stop reached. I am still in the trade and start to looking good ;)
İşlem kapandı: durdurma seviyesi
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Sorry again. I guess I am still asleep. Yes, it did reached the stop and It looks like it wants to go lower to the 111.70 area
You should be going L0NG now lol I profited from SH0RTing this pair(the 0nly pair I trade) EARLY thIS Morning! it's n0t going back there anytime soon, most likely 2mrw morn. I will now a set a breakeven just in case and will be looking to get back in IF it violates my ENTRY@1122.965 - I should have gotten in@112.9 but it was quick and I didn't have ammo to add another position.
Late
mrrosstrader
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@TradZ, Yes, as you mentioned, it moved really fast and I was not able to entry the trade at 112.48 but I am still waiting to see some kind of consolidation around that area to take the trade. If the price keeps going further, then I just wait for a pullback in the 15m chart to get into the trade :)