Swing trading.
Reasons to enter,
1. Higher lows and higher highs are forming.
2. 3rd time bounce back upwards of the black trendline.
3. A strong and firm support at 1.1925 (weekly resistance + blue horizontal line) was tested and valid.
4. A retracement at the Fibo levels 61.8% was met. Am aiming for an upward 0% and -27.2%.
Trade 1 , (RR 1:2)
EP: 1.1975
TP 1: 1.2090 (115 pips)
SL 1: 1.1917 (57 pips)
Trade 2, (RR 1:3.14)
EP : 1.1975
TP 2: 1.2160 (185 pips)
SL 2: 1.1916 (59 pips)
Reasons to enter,
1. Higher lows and higher highs are forming.
2. 3rd time bounce back upwards of the black trendline.
3. A strong and firm support at 1.1925 (weekly resistance + blue horizontal line) was tested and valid.
4. A retracement at the Fibo levels 61.8% was met. Am aiming for an upward 0% and -27.2%.
Trade 1 , (RR 1:2)
EP: 1.1975
TP 1: 1.2090 (115 pips)
SL 1: 1.1917 (57 pips)
Trade 2, (RR 1:3.14)
EP : 1.1975
TP 2: 1.2160 (185 pips)
SL 2: 1.1916 (59 pips)
Trade closed: stop reached:
Hitted SL, as my SL was too tight! All the best all~