InsiderB

EURUSD : Retest or Breakout from Trendline ??

FX:EURUSD   Euro Fx/U.S. Dollar
This is simple trade setup with couple of trendlines and based on price action happening in EURUSD             .
(i) If we get bullish confirmation around the trendline initiate long positions
(ii) if trendline is broken, shorting in EURUSD             will be the plan.
This is really simple setup without any fancy indicators or patterns drawn.

Happy Trading !
Trade active: Initiated long !
Comment: Sl hit. Reversed positions to short with tight stops.
Comment: Target 1 achieved..Now trailing for Target 2. Awesome !
Hi, what is the target 2?
Reply
haven't you booked around 1.1130's ? just after my update it hit target 2, It feels sad man... no issues now, trail your stops near 1.1160's. Play safe fed is around
Reply
fguldali InsiderB
n short my target is 1.11260 in an hour. After that, god knows :)
+1 Reply
fguldali fguldali
Ah yes, of course booked at 1,1130. Now i am waiting a short again
+1 Reply
Cool then, just take care of Fed News event today. I have no positions.
Reply
Thanks for your prompt response
Reply
InsiderB PRO raoadnan84
When I'm available, usually I reply soon !
Reply
what is the SL for the sell trade?
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InsiderB PRO raoadnan84
1.1185's, My risk reward is just over 1.2's , Please check yours before entering. Pls take Trading decisions based on your analysis combining with above Idea :)
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