UnknownUnicorn200545

Euro Dollar Meeting Resistance on the 200MA 4Hour

Panjang
FX:EURUSD   Euro / Dolar A.S.
5
On the EUR/USD, I have entered a trade on the 4 hour chart seen above. The 4 hour time frame is being used as an entry for the weekly time frame. I have clearly chosen my entry at 1.10286, with a stop loss of 1.1017. This stop loss was chosen, as an exit point, because it is below the last 4 hour candle closed, which was a doji dragon fly, on the LR 50 Bottom. Also it just sits above the 200 MA line.

I will look to take profit at 1.01191 mark, which marks the LR100 top. I am looking for the LR50 to carry price upward.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.