EURUSD 1H Short Trade to 800 sma

Pair was stretched away higher from the ma's and fell back to them and then passed through both. Now it is on it's way to the 800 sma. Watch for a retrace on the 15m chart for an entry point. A measured TP can be the distance above the ma's will equal the distance below the ma's. First TP is the measure TP @ 1.1814 and the second TP is the 800 sma @ 1.1746 but my TP will be 1.1755.

Kommentera:

There has been a 15m pullback. I have placed a stop order just below the 15 m 800 sma @1.1860 with a TP @1.1803