Hey guys, after banking some pips over the night on the AUDCAD trade (see attachment) i want to share with you a 2618 trade that's forming on EURUSD. For those of you who aren't familiar with this formation it basically consists on selling/buying the .618 retracement of the leg that breaks the double top/bottom's neckline. You can see the visual illustration above. All the entry and exit levels are displayed on the chart. Good luck!
If you have any question, feel free to write below. Otherwise, see you in the next chart!
Trade active
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Price didn't fill my order for 1 pip, moved stops to breakeven now. I don't want to lose money on a winning trade anway!
Trade closed: target reached
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First target hit!
Trade closed: target reached
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Second target hit!
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Bearish bias is confirmed. You can short again if it holds:
@Roker1, Was nice riding together, I jumped off at your first target, which was my only target. :) See you next time.
Roker1
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Hey @timmynorin, unfortunately my target1 order didn't get filled for 1 pip. I decided to move stops to break even now. Hope it continues lower. Glad to hear you've already banked your profit. See you!
Telson
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@Roker1 thank you for sharing, spot on as always, I totally agree with you