EURUSD / Looking to short after Price Breaking previous Low
2018-5-10
1. Eur/Usd has previous broke down the Daily Support (Red Line) after Consolidating for 2 months.
2. Price just took down another Previous Low (Purple Line)
3. We look to Short this trend on a lower time frame
1. Eur/Usd has previous broke down the Daily Support (Red Line) after Consolidating for 2 months.
2. Price just took down another Previous Low (Purple Line)
3. We look to Short this trend on a lower time frame
Trade active:
1. A Gartley Pattern completed right inside the Resistance Zone
2. We took an aggressive Short
TP#1 at Fib 0.382 Retracement
TP#2 can be set at Previous Low/beyond since the market is trending down
Stop Loss above X-Leg
1. A Gartley Pattern completed right inside the Resistance Zone
2. We took an aggressive Short
TP#1 at Fib 0.382 Retracement
TP#2 can be set at Previous Low/beyond since the market is trending down
Stop Loss above X-Leg
Trade closed: target reached:
TP#1: Reached +18 pips
TP#1: Reached +18 pips
Trade closed: target reached:
TP#2: Reached +200 pips
TP#2: Reached +200 pips
Trade active:
We will be closing monitoring how the price reacts to current level. If price drops and breaks below, we will be looking to hop on the down trend again.