The EurUsd is in an uptrend, price got rejected from 1.2258 - 1.2195 support area (Daily Chart) with a strong buy last Thursday.
Price retraced slightly today and Pin bar can be spotted on 1hr timeframe rejecting from the 31.8% fibonacci level.
I missed the first Pin but price came down again with another Pin rejecting the first Pin bar's high, allowing me to get into the trade.
My position:
Entry : 1.2297
SL : 1.2220
TP : 1.2420
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Price retraced slightly today and Pin bar can be spotted on 1hr timeframe rejecting from the 31.8% fibonacci level.
I missed the first Pin but price came down again with another Pin rejecting the first Pin bar's high, allowing me to get into the trade.
My position:
Entry : 1.2297
SL : 1.2220
TP : 1.2420
*** This information is NOT a recommendation to buy or sell. It is to be used for educational purposes ONLY. ***
*** I will accept no responsibility for any losses you may incur. Do not invest more than you can afford to lose. ***
Comment:
Adjusted my SL to breakeven. So it is either a breakeven or a winning trade. Risk free!!!
Comment:
I have lowered my TP to 1.2425 as EurUsd simply did not want to hit my profit target before coming back down.
** stick to 1 : 1.5
** stick to 1 : 1.5
Trade closed manually:
Closed my trade manually with only 1r. Should have stick to my initial plan.
Looking forward to next opportunity and stay discipline.
My trade record since Feb 2018
+ 1.2r
Looking forward to next opportunity and stay discipline.
My trade record since Feb 2018
+ 1.2r
Comment:
26/2 - Eur/Cad (-1.0r)
27/2 - Gbp/Aud (breakeven)
5/3 - Nzd/Usd (+1.2r)
5/3 - Eur/Usd (+1.0r)
27/2 - Gbp/Aud (breakeven)
5/3 - Nzd/Usd (+1.2r)
5/3 - Eur/Usd (+1.0r)
New TP @ 1:2447 (just nice for 1:2 risk rewards)