Hello Traders,
We are looking for a pullback on the EURUSD downtrend.
Resistances: 1.13037, 1.13215
Supports: 1.12688
I set a SELL LIMIT ORDER below the resistance 1.13037 set the SL above the next resistance 1.13215. TP is set at the support 1.12688. See the arrows for my graphical projection.
Entry: SELL LIMIT 1.13001
SL: 1.13237
TP: 1.12712
Trade characteristics: Trend continuation with a limit entry on a retest of resistance
Expected trade duration: 1-2 days
Risk-to-Reward-Ratio: 1.22
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)
We are looking for a pullback on the EURUSD downtrend.
Resistances: 1.13037, 1.13215
Supports: 1.12688
I set a SELL LIMIT ORDER below the resistance 1.13037 set the SL above the next resistance 1.13215. TP is set at the support 1.12688. See the arrows for my graphical projection.
Entry: SELL LIMIT 1.13001
SL: 1.13237
TP: 1.12712
Trade characteristics: Trend continuation with a limit entry on a retest of resistance
Expected trade duration: 1-2 days
Risk-to-Reward-Ratio: 1.22
Any Likes or Opinions in the comment section are appreciated. I also post regularly, so if you like my content, make sure to follow me. :)