EURUSD Long @ 1.2705

٢١ أكتوبر ٢٠١٤

The pair is trading in a rising channel and has made a equal harmonic move previously. Expecting the price to come down to channel support and take a long position then. Stops are below previous lows. Target is a move of equal proportion taking us to upper limit of the channel

Trade Type: Short Term Trend Continuation
Price: 1.2705
Target 1: 1.2980
Target 2: 1.3060 (38.2 Fib Retrace)
Stops: 1.2585
R/R Ratio: 2.3