EURUSD - Dropping to 1.14599

Actualizado
Setup:
It was noted that EURUSD could be dropping to 1.14599
Our setup is complemented by the following:
1. Multiple timeframe trend analysis
2. Divergence on H1.

Approach:
Our trade strategy is as follow: We will open two consecutive trades, they will both have the same stop loss but different take profits.
Trade 1:
Entry: 1.17099
SL: 1.17790
TP: 1.15916

Trade 2:
Entry: 1.17099
SL: 1.17790
TP: 1.14599

It should be noted that once TP1 is hit, we will move the stop loss of trade 2 to breakeven.

Risk & Reward:
TP1 - 1:1.6
TP2 - 1:3.6

Total Risk:
2% or 140 PIPS

Total Reward:
5.2 % or 366 PIPS

Good Luck :-)
Operación cerrada: precio stop alcanzado
Operación activa
We will re-enter the trade:
Trade 1:
Entry: 1.17099
SL: 1.17790
TP: 1.15916

Trade 2:
Entry: 1.17099
SL: 1.17790
TP: 1.14599
Nota
We will re-enter the trade

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Orden cancelada
Operación activa
Our 2nd entry has hit Tp1.

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Chart PatternsEURUSDForexTechnical IndicatorstarrierfutureTrend Analysis

Exención de responsabilidad