EURUSD Falling wedge giving a long opportunity (110 pips)

FX:EURUSD   Euro / U.S. Dollar
Entry : 1.2390
SL : 1.2360
TP : 1.2500
Risk reward : 3.6
Potential : 110 pips
Risk : 30 pips
Trade active
Comment: We close half position in order to secure profit and we put stop loss to entry point at 1.2495 on the half position left.
Trade closed: stop reached: Partial profit taken at 1.2534.
Stop loss has been hit at 1.2495.
Comment: Partial profit taken at 1.2434.
Stop loss has been hit at 1.2395.
Trade active moving as you predicted @SuperSignalFX
SuperSignalFX dharmie2904
@dharmie2904, Yes but unfortunately the TP has not been reached on the first move.
but what's your opinion on shorting eur? i definitely see it back in the 1.22 range, let me know what you think
SuperSignalFX mohammaddesirai
@mohammaddesirai, I think that a correction will happen on euro soon after having been bullish for weeks but I don't know exactly when.
i don't see it going back up there especially having Trump's speech coming up and also the cb consumer confidence being forecast to be better
SuperSignalFX mohammaddesirai
@mohammaddesirai, Interesting analysis. Thanks. Wait and see.
SuperSignalFX stonejack0505
@stonejack0505, The trade is not active. Entry as not been hit yet.
stonejack0505 SuperSignalFX
@SuperSignalFX, My Bad
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