EURUSD trading back into the range

٩ أكتوبر ٢٠١٨

Look like the EURUSD made a false break out the trading range it is in. The pin bar fakey signals a high probability of a turn around back into the range. I will be using a wide stop and target the inner top of the range.

Trend: range
Level: bottom support of the range
Signal: fakey

١٥ أكتوبر ٢٠١٨

ملاحظة

Moved stop up and placed short entry below the stop in case price breaks below the inside bar that formed.

١٦ أكتوبر ٢٠١٨

ملاحظة

Fakey formed. Moved up stop further and moved possible short entry.

١٧ أكتوبر ٢٠١٨

ملاحظة

My long position was closed at 1.17R and turned around short. The short position is still open.