Trading when big news is about to be released is something quite frightening for some traders. But when your technical analysis is crystal clear you may want to join the market and wait for the news to push price your direction. In a few hours we have NFP and in EURUSD 4h chart we have a bullish Gartley completion at a key support level. The price has retraced a little further than 0.786 D fib level giving us a much better risk/reward ratio.
Entry: 1.17393 Stop-loss: 1.17049 Take profit: 1.18306, 1.18803
In case price reaches the first target we move sl at breakeven at second position.
Trade stängt: målet nått
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Trade stängt: målet nått
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Both targets reached. Second trade gave us a 4:1 risk/reward :)
looks good for NFP. I manage my short and might enter long depending on NFP.
safe trades
Fxprotrader
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@TimStuyts, Thanks for sharing. It looks like a solid analysis..!
TimStuyts
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@Fxprotrader, thanks. You can check out my youtube channel where I share professional analysis with more than 90% prob of success. Have a good trading week.
safe trades