shomonrobie
Short

EURUSD short on counter trendline break

FX:EURUSD   Euro Fx/U.S. Dollar
6 months ago
Stop Loss 1.12545 (41.5 Pips) Take Profit 1.10756 (137.4 Pips)
Risk Reward 3.31
Equity: USD 50000

Risk: 2% =USD1000
POSITION SIZE = 2 LOTS
RISK: 41.5*2*10= USD 830
REWARD: USD 2748

TIME REQUIRED: 3 DAYS

Analysis:
========
Monthly StochRSI is oversold; monthly AB UP SWING - Price is retracing back towards .618 retracement
Monthly Las AB Down SWING: price is at .382 Retracement

Weekly StochRSI is over sold and crossing 80% Line, K crossed over D
Last AB Up Swing; Price Tracing Back to .382; right now at .783 Retracement Level

Daily StochRSI is oversold - UP A (@ 1.08440) B (@1.14663) SWING - Price retracing back to .382 @ 1.0817
Daily Price is above daily uptrend - retracing towards the trend line
Daily Channel - price falling towards bottom of the channel
Daily Counter trend-line is NOT BROKEN
Daily BIAS is bearish
Daily - Pivot Point

4 hour and 2 hour StochRSI is overbought

2 hour pennant - bearish
price testing Resistance


Target: 1.618 level of last down AB Swing (from @1.13483 to @ 1.10733

Trade VALID if price breaks the last counter trend-line below the downtrend-line
6 months ago
Trade active: Moved my STOP LOSS
PROFIT LOCKED 97 PIPS @ 10 x 2 LOTS = USD 1940.00
TRADE DURATION 90 DAYS AND 8 HOURS
snapshot
shomonrobie
6 months ago
I moved my Stop Loss to break even!
Reply
shomonrobie
6 months ago
Price moving to the target, i moves to stop loss 1.11827!
Reply
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