DavoodWadi
Short

Balancing Price And Time in EURUSD at the 0.887 Retracement

FX:EURUSD   Euro/U.S. Dollar
112 0 5
Hi,

As you know, EURUSD             has been bearish for quite some time but after the NFP release today it has shown bullish reaction to the news.
It could be for the end of the week and profit taking.

Technically speaking we are at 0.887 retracement ratio right now both in Time and Price.

I personally took this trade because such a balance doesn't happen often and when it does, their synergy causes a really high probability trade.

On the other hand, the stop is too tight, so if it fails I won't lose much.

The target has been set to the previous low, because according to what EURUSD             has been doing this trade is expecting a new low.

Thank you for reading this.
Davood Wadi
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out