dawdaw77's EURUSD Trade 1.10
Trade Details
Published: Feb 11, 2023
Status: Closed
Broker: TradingView
Asset: Forex
Symbol: EURUSD
Type: Long
Portfolios: Default
Patterns: Price Action
Performance Metrics
Entry CPU Exit CPU Fees Max Amount Max Cost P&L % P&L $
1.07 1.08 $0.00 100.0 $106.76 1.03% $1.10
Transactions
3 entries
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Entry (Buy/Short)
Exit (Sell/Cover)
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Notes

used 4h timeframe to find uptrend, waited for the price to hit the support level of that uptrend. it formed a double low (so far) and i entered at the double lows support line and set the first TP just above the neckline of the double low and the SL in a way that it formed a 1:5 rist reward ratio (i havent set the second TP yet). the double lows support is also a past resistance level. i used fib retrancement  on the most recene higher low and higher high for further confirmation and the current price fits in the bottom of the 0.5 - 0.618 fib levels. the price exploded upwards and hit my first TP so i moved my SL up to where i entered making it a risk free trade and im going to sell the rest once the Chandelier stop indicator turns purple on the 5 min timeframe. i think this time (1:33) is a risky time to trade in forex because the prices are moving up and down very very fast.




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