Hey Traders! Here is another possible short setup on EURUSD. We have a cypher complete with a possible ending diagonal setting off the drop. I like these trades because it allows us to maximize our R/R and place a tight stop. I like to keep my losses small and this is no exception. If it rallies beyond the end of the possible ending diagonal I don't want to be in the trade anymore, hence SL placement. I set two targets, one at .382 retracement and another at the confluence between .618 fib and the missed daily pivot from yesterday. Happy trading!
Zlecenie aktywne:
Nice resistance off the bat, let's see how she plays out. I may set to B/E quickly, but will update if I do. Good Luck!
Komentarz:
Note: Closing trade before NY session ends will lock in a 5.2 R/R
Zlecenie zamknięto ręcznie:
Closing Second half now before the weekend. Great wins this week. Back with more this weekend
Still eyeing T2 at this point. Good luck and stay safe!