The recent uptrend for EURUSD is strong. The support and resistance of the diagonal channel has been well respected. As I see that the trend will continue, I am placing an aggressive buy limit at the 1.23850 (78.6 Fibonacci of the recent swing low to swing high). The stop loss is placed just below the swing low while the take profit is set at a conservative level (swing high). I am cancelling this pending order if price goes to TP1 before getting triggered.
Trade Setup: Trend Continuation
Price Entry 1.23850
SL 1.23718 | SL pips 13.2
TP1 1.24149 | TP1 pips 29.9
RRR1 2.27
Status/Remarks: TP1 hit! :)
Trade Setup: Trend Continuation
Price Entry 1.23850
SL 1.23718 | SL pips 13.2
TP1 1.24149 | TP1 pips 29.9
RRR1 2.27
Status/Remarks: TP1 hit! :)