Potential Long opportunity for EurUsd

The EurUsd is in an uptrend, price got rejected from 1.2258 - 1.2195 support area (Daily Chart) with a strong buy last Thursday.

Price retraced slightly today and Pin bar can be spotted on 1hr timeframe rejecting from the 31.8% fibonacci level.

I missed the first Pin but price came down again with another Pin rejecting the first Pin bar's high, allowing me to get into the trade.

My position:

Entry : 1.2297
SL : 1.2220
TP : 1.2420


*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***

評論:

Adjust my TP a little higher as Pin was formed yesterday on the Daily timeframe.

New TP @ 1:2447 (just nice for 1:2 risk rewards)

評論:

Adjusted my SL to breakeven. So it is either a breakeven or a winning trade. Risk free!!!

評論:

I have lowered my TP to 1.2425 as EurUsd simply did not want to hit my profit target before coming back down.

** stick to 1 : 1.5

手動結束交易:

Closed my trade manually with only 1r. Should have stick to my initial plan.

Looking forward to next opportunity and stay discipline.

My trade record since Feb 2018
+ 1.2r

評論:

26/2 - Eur/Cad (-1.0r)
27/2 - Gbp/Aud (breakeven)
5/3 - Nzd/Usd (+1.2r)
5/3 - Eur/Usd (+1.0r)