There is a double top for EURUSD with the left and right tops today, May 2. Also, the neckline was broken today, with a candle close of 1.19400. Therefore, I am looking for a short opportunity by placing an aggressive sell limit at 1.19921 (61.8 Fibonacci retracement of the right top to the recent swing low). The stop loss is placed at 1.20367 (just above the right top) while the take profit level is at the recent swing low (1.19377). I intend to cancel this pending order if price goes to TP1 before getting triggered.
Trade Setup: Trend Reversal
Price Entry 1.19921
SL 1.20367 | SL pips 44.6
TP1 1.19377 | TP1 pips 54.4
RRR1 1.22
Status/Remarks: TP1 hit! :)
Trade Setup: Trend Reversal
Price Entry 1.19921
SL 1.20367 | SL pips 44.6
TP1 1.19377 | TP1 pips 54.4
RRR1 1.22
Status/Remarks: TP1 hit! :)