EURUSD - Long / Short Opportunity
1W Timeframe
Week Trade #2
This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips.
With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level:
Phase 1 Tentative:
BUY Entry Market Order @ 1.1960
T/P @ 1.2085
Believe price could go as high as 1.2140 but will take T/P at above target and begin setup for SHORT trade.
Phase 2 Tentative:
SELL Entry Market Order @ 1.2133
T/P @ 1.1976
With a clear break and hold below 1.1915, price could go as low as 1.1817 but will take T/P at above target and establish updated analysis before further trading if any.
S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 1.2075 R2 1.2032 R1 1.1988
S1 1.1901 S2 1.1857 S3 1.1814
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
1W Timeframe
Week Trade #2
This week looking for a BUY / SELL opportunity for this pair for a total target of 282 pips.
With the Pivot Point @ 1.1945 and holding above the critical 1.1915 level:
Phase 1 Tentative:
BUY Entry Market Order @ 1.1960
T/P @ 1.2085
Believe price could go as high as 1.2140 but will take T/P at above target and begin setup for SHORT trade.
Phase 2 Tentative:
SELL Entry Market Order @ 1.2133
T/P @ 1.1976
With a clear break and hold below 1.1915, price could go as low as 1.1817 but will take T/P at above target and establish updated analysis before further trading if any.
S/L will follow as price moves in projected direction at rate of 10-15 pips above/below. Entries/Exits may change in accordance to further analysis at beginning of week.
R3 1.2075 R2 1.2032 R1 1.1988
S1 1.1901 S2 1.1857 S3 1.1814
Updates / Adjustments / Results will be reflected in updated comments.
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Comment:
Phase 1 Entry in place.
Trade active
Trade closed manually:
Phase 1 Closed at 1.2002
Total P/L = +42 PIPS
Total P/L = +42 PIPS
Comment:
Phase 2 potential set-up.
Comment:
Price has not reached my anticipated level in time frame, therefore Phase 2 deemed invalid.