EURUSD broke out to the upside yesterday, January 23, from its sideways consolidation. As I am expecting the uptrend to continue, I am placing an aggressive buy limit at 1.23800 (61.8 Fibonacci retracement of the recent swing low to swing high). The stop loss is placed just below the recent swing low while profit taking is at the swing high. I intend to cancel the pending order if price goes to TP1 prior to being triggered.
Trade Setup: Trend Continuation
Price Entry 1.23800
SL 1.22860 | SL pips 93.8
TP1 1.25380 | TP1 pips 158.0
RRR1 1.68
Status/Remarks: TP1 hit! :)
Trade Setup: Trend Continuation
Price Entry 1.23800
SL 1.22860 | SL pips 93.8
TP1 1.25380 | TP1 pips 158.0
RRR1 1.68
Status/Remarks: TP1 hit! :)