Looking at this trade, at the 4H TF, it seems like the EURUSD has some rejection at the 1.2445 level followed by a downward trend and thus im entering this trade to short the EURUSD to below the 0.618 level.
I would expect some retracement period between the 0.382 and 0.5 level before going down.
So if you are happy with you profit, you can close some at that level.
T/P at 1.2270 S/L at 1.2465
Comments and feedback are appreciated. Don't forget, Stop loss at 2% of your capital
Cheers!
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A good time for some profit before entering the retracement period. Do note that this dip was also motivated by the ECB news When looking into this trade, i didn't put the news into consideration.
Trade closed: target reached
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We got ouselves a profit, lets close this trade Cheers!