laughingchartist

EURUSD [2 Trade Ideas]

Long
FX_IDC:EURUSD   Euro / U.S. Dollar
Short EURUSD
Entry: 1.11675
TP: 1.1114
SL: 1.1183

Long EURUSD
Entry: 1.11235
TP: 1.11820
SL: 1.11040


First time trying this. 2 trade ideas in one chart.
OVERALL BULLISH BIAS

Market testing resistance and also in a strong supply/demand zone (grey box). A short term drop is expected.

Market expected to drop and test ascending trendline support where we can enter a long position at 1.11235 where I expect to see a bounce above.
Trade closed: target reached:
The short trade worked out beautifully. However the long trade got triggered and stopped out.

Short trade profits +0.48%
Long trade losses -0.18%

Net profits = +0.3%

Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? - Luke 14:28
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