Position: LONG
Entry Price: 1.07701
Take Profit: 1.08807(115 Pips)
Stop Loss: 1.07199 (46 Pips)
Risk / Reward: 1 : 2.5 (2%)
4HR Analysis:
- Price break and retest
- Rejection at EMA SUPPORT (pin bar)
- Entry @ Fib .681
Daily Analysis:
- Break of short term trend line
- Daily closed above trend line (entry on retest) **Didn't wait for a confirmation on daily**
Weekly Analysis:
- Price is at 100 EMA (Strong support) - 2 pinbars
- Recent break - continuation ?
Result: LOSE 1:1
Comments:
Do you think my stop loss should've been placed below the last swing low? Maybe it was too tight, i opted for a bigger position size over security. We'll see where the pair continues to move.
Entry Price: 1.07701
Take Profit: 1.08807(115 Pips)
Stop Loss: 1.07199 (46 Pips)
Risk / Reward: 1 : 2.5 (2%)
4HR Analysis:
- Rejection at EMA SUPPORT (pin bar)
- Entry @ Fib .681
Daily Analysis:
- Daily closed above trend line (entry on retest) **Didn't wait for a confirmation on daily**
Weekly Analysis:
- Recent break - continuation ?
Result: LOSE 1:1
Comments:
Do you think my stop loss should've been placed below the last swing low? Maybe it was too tight, i opted for a bigger position size over security. We'll see where the pair continues to move.