See my other EURUSD idea. Pending sell at 1.1800 handle and taken in today during Fed news.
Very good trade risk reward ratio.
EURUSD has been climbing all last 2 weeks but extremely overbought. Pair has moved too fast and I expect a correction soon from the 1.1800 area.
Entry:
Currently in at 1.1800
TP:
1. Take profit in 30-50 pip ranges as this pair still has a risk to the upside.
2. Long term TP 1 at past support 1.1420 area
Short SL at 1.1850 to 1.1900
Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Very good trade risk reward ratio.
EURUSD has been climbing all last 2 weeks but extremely overbought. Pair has moved too fast and I expect a correction soon from the 1.1800 area.
Entry:
Currently in at 1.1800
TP:
1. Take profit in 30-50 pip ranges as this pair still has a risk to the upside.
2. Long term TP 1 at past support 1.1420 area
Short SL at 1.1850 to 1.1900
Good luck trading!
Charles V
www.cvfxmanagement.com
@cvfxwealth
Trading made simple
Comment:
Still expecting a drop when safe havens regain strength, looking at August timeframe for sure.
Trade closed: stop reached:
Stop Loss hit but looking to reenter on strong bear signals. Price currently at monthly downtrend line.
