EURUSD – BUY – 14th January

EURUSD – BUY – 14th January (Closed)

Good morning Forex Kings,

We are going to keep our pending order on the EURUSD in case of a drop lower, however we are now going to enter a buy position with a market order.

It appears the EURUSD is now breaking out of the falling wedge formation.

Trade Set Up: BUY Market Order (1.1138 current price), stop loss set at 1.1100 and take profit at 1.1198.

Stop loss 38 PIPS

Take profit 60 PIPS

We may extend to take profit to our long term target of 1.1280 depending on market conditions. 

Trade Setup
BUY

Entry
1.1138

Take Profit
1.1198

Stop Loss
1.1100