The downward trend for EURUSD continues with the diagonal resistance and supports holding. As I maintain my short bias with this pair, I am placing an aggressive sell limit at 1.23885 (61.8 Fibonacci retracement of the recent swing high to swing low). Stop loss is just above the swing high while profit taking is at the swing low. I am manually cancelling this pending order if price goes to TP1 before it gets triggered.
Trade Setup: Trend Continuation
Price Entry 1.23885
SL 1.24397 | SL pips 51.2
TP1 1.23138 | TP1 pips 74.7
RRR1 1.46
Status/Remarks: TP1 hit! :)
Trade Setup: Trend Continuation
Price Entry 1.23885
SL 1.24397 | SL pips 51.2
TP1 1.23138 | TP1 pips 74.7
RRR1 1.46
Status/Remarks: TP1 hit! :)