EURUSD SHORT
TRADE:
ENTRY: 1.1080
SL: 1.1150
TP: 1.0800
RISK : REWARD RATIO = 1:4 70 PIPS RISK : 280 PIPS REWARD
This is a EURUSD SHORT idea using the Fibonacci retracement tool. Target 1 @ 127% level (1.0926) has already been hit. Price is now taking another retracement up to the zone between 78.6% an 86% levels where I believe it will reject and continue to fall to Target 2 @ 161.8% level (1.0790).
Happy Trading!
JJ
ENTRY: 1.1080
SL: 1.1150
TP: 1.0800
RISK : REWARD RATIO = 1:4 70 PIPS RISK : 280 PIPS REWARD
This is a EURUSD SHORT idea using the Fibonacci retracement tool. Target 1 @ 127% level (1.0926) has already been hit. Price is now taking another retracement up to the zone between 78.6% an 86% levels where I believe it will reject and continue to fall to Target 2 @ 161.8% level (1.0790).
Happy Trading!
JJ
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