EURUSD has been on an uptrend since 4 months ago (October 27, 2017). As I am expecting the uptrend to continue, I am placing an aggressive buy limit at 1.22448 which is the 78.6 Fibonacci retracement level 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 the swing high. I plan to manually cancel this pending order if the price goes to TP1 before getting triggered.
Trade Setup: Trend Continuation
Price Entry 1.22448
SL 1.2160 | SL pips 84.8
TP1 1.25380 | TP1 pips 293.2
RRR1 3.46
Status/Remarks: TP1 hit! :)
Trade Setup: Trend Continuation
Price Entry 1.22448
SL 1.2160 | SL pips 84.8
TP1 1.25380 | TP1 pips 293.2
RRR1 3.46
Status/Remarks: TP1 hit! :)