EURUSD TRADE IDEA 11/5/2018
Actualizado
We have completed our fib extension from the 4hr time frame all the way back from 1.18000 key level down to 1.13000. We also completed Elliot wave and now looking for the reversal pattern ABC to be completed. Also one hour timeframe we had a break of the countertrend line with a retest last night because the stop hunt. Looking for 4hr fib to line up around 1.14500 which would be 50% and if we break that level I can see price continue to 1.15000 which would be around the 61.8 fib level. Risking 20 pips for gain of 45 tp1 and 90 pips for tp2 if it breaks 1.14500
Nota
Also have 4hr EMAs about to cross to upsideNota
Move SL 30 pips to give it some breathing room for potential stop hunts tonightNota
TP1 HIT +45 pipsNota
TP +90 PIPSNota
7-0 +415 PIPS since posting
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