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.
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%
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