EURUSD – SELL – 14th August 2020

EURUSD – SELL – 14th August 2020 (Closed)

Good afternoon team,

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If you haven’t watched todays members video please go back so you have a full understanding of this trade setup. Go to The Trading Floor – Member Videos.

EURUSD – Swing Trade Idea

The market has seen a rejection from the 23% FIB REtracement and is potentially creating a head and shoulders formation.

Trade Setup: SELL – Market Execution, current price 1.1812, stop loss 1.1886 and take profit target 1.1600.

Stop loss: 74 pips

Take profit: 212 pips.

Estimated length of trade 1 week. 

 

Trade Setup
SELL - Market Execution

Entry
1.1812

Take Profit
1.1600

Stop Loss
1.1886