EUR/USD Low Risk Setup Possibly!

Here is a quick setup for you guys!

Overall trend on larger timeframes is showing prices headed downwards so we applied our Fibonacci Retracement tool on the following levels, from the HIGH of Mar 26th @1.1805 to the LOW of March 31st @1.1704.
(If you didn't know Fibonacci Retracement tool is used to find and visualize better entry and exit points in a trending market wave.)

Here is my suggestion,
Low risk Scalp Setups with possibility of trades turning into longer term swing down.
Risk anywhere from 1-5% of your total capital by placing small SHORT orders on each of these below retracement levels:

23.6% = 1.1728 (SHORT) 0.10% Risk
38.2% = 1.1742 (SHORT) 0.15% Risk
50.0% = 1.1754 (SHORT) 0.20% Risk
61.8% = 1.1766 (The Ideal trade) (SHORT) 0.25% Risk
78.6% = 1.1783 (PERFECT Sniper entry) (SHORT) 0.30% RISK

Stop Loss: @1.1798 (1:5) Risk to Reward

Take Profit #1 @ 1.1705 (Close 75-90% of trade positions and allow the rest of the positions to run risk FREE.

Take Profit #2 @ 1.1690

Keep your TOTAL risk at a minimum of 1-5% per trade.
If these trades are triggered, I will be updating the analysis via comments so be on the look out. :)
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註釋

My active trade from 1.1940 short is still being held. 2nd short trade open & running from 1.1760

交易進行

Keep trailing stop loss, & make sure to follow my DXY analysis to make this chart more of an ease to read.

註釋

1st take profit zone approaching

註釋

Reentries from take profits and entry #2 close to triggering. 1-2% Risk should be taken.

註釋

Both short entires should have been triggered & be moving into profits. Move SL to secure a minimum of 1%-2% from entry #2

交易結束：達到停損點

SL should have been hit for a minimum of 1% profit. Will be looking for new entries on this pair soon.