FX00081 - EURUSD - break of resistance - 4h pinbar
EURUSD has now broken through resistance at 1.143. Momentum looks strong enough to keep pushing higher, possibly to 1.1700 but I have a feeling that some traders may take profits before then so I'm going to set a TP1 at 1.1600.
SL is tucked below the pin bar, 8EMA and previous support level at 1.1430.
I've used the 4hr chart for entry....
SL is tucked below the pin bar, 8EMA and previous support level at 1.1430.
I've used the 4hr chart for entry....
Transakcja zamknięta: osiągnięto wyznaczony cel:
Read this one beautifully. Sellers did indeed come in around 1.1600 pushing price lower and creating a bearish pinbar.
My target was 1.1600 so I banked a nice 2R profit.
My target was 1.1600 so I banked a nice 2R profit.