Trading when big news is about to be released is something quite frightening for some traders. But when your technical analysis is crystal clear you may want to join the market and wait for the news to push price your direction. In a few hours we have NFP and in EURUSD 4h chart we have a bullish Gartley completion at a key support level. The price has retraced a little further than 0.786 D fib level giving us a much better risk/reward ratio.
Entry: 1.17393
Stop-loss: 1.17049
Take profit: 1.18306, 1.18803
In case price reaches the first target we move sl at breakeven at second position.
Entry: 1.17393
Stop-loss: 1.17049
Take profit: 1.18306, 1.18803
In case price reaches the first target we move sl at breakeven at second position.
Trade closed: target reached
Trade closed: target reached:
Both targets reached. Second trade gave us a 4:1 risk/reward :)