EURUSD (1D): Parallel Channel Bounce

EURUSD
Timeframe: 1D
Direction: Long

Confluences for Trade:
- Price at Support of Parallel Channel
- Formed a Double Bottom Support
- Stochastic Oversold momentum
- Inside bar was formed yesterday
- Fundamentally, a week full of data in play with EU GDP (today) and also the highly anticipated US employment report on Friday. Stay light.

Suggested Trade:
Entry @ Area of Interest 1.1330 - 1.1405
SL: 1.1294
TP: 1.1552
RR: Approx. 2.06 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Take half profit on half of the positions and move SL to BE levels.

Run the remaining position totally risk-free.

Trade closed: stop reached:

No loss from this trade. Took half profit earlier and SL was moved to BE. :D