EURUSD - Prices in weekly support zone - Upcoming reversal 做多

Euro Fx/U.S. DollarFXCM

描述

⋅ May 25, 2018 4:22 PM

Hi guys, Here we are. EURUSD is in a strong confluence zone between 1.1550 and 1.1675. I expect a reversal in this area for a nice swing trade.
We get combination of multiple factors.
1. RSI daily is oversold
2. Price has reach the Ichimoku cloud
3. Price is near the last lower weekly
SL: 1.1500
TP1: 1.1800
TP2: 1.2000

交易开始

⋅ May 27, 2018 4:29 AM

Ehsan1991

⋅ May 26, 2018 4:11 PM

Are you in ?

Traderscope

⋅ May 26, 2018 4:17 PM

@Ehsan1991, yes

Ehsan1991

⋅ May 26, 2018 4:28 PM

@SuperSignalFX, can i have your advice please , I’m on buy from 1.6981 , you think i should hold it because i am in loss.

Traderscope

⋅ May 26, 2018 4:34 PM

@Ehsan1991, 1.1698 ?
What is your capital vs your lot size?

Ehsan1991

⋅ May 26, 2018 4:38 PM

@SuperSignalFX, capital is 8k and lot is 6.5$

Traderscope

⋅ May 26, 2018 4:39 PM

@Ehsan1991, 6.5 lot or 6.5$ ?

Ehsan1991

⋅ May 26, 2018 4:40 PM

@SuperSignalFX, each lot is 6.5$

Traderscope

⋅ May 26, 2018 4:41 PM

@Ehsan1991, you mean each pips is 6.5$

Ehsan1991

⋅ May 26, 2018 4:42 PM

@SuperSignalFX, yes yes , sorry

Traderscope

⋅ May 26, 2018 4:47 PM

@Ehsan1991, Ok so you use 0.6 lots right now.
If you use a SL at 1.1500 your risk is 1300$. You can close half position to reduce your risk, 0.3 lot if you cannot assume such a loss.
In the future I highly recommend you to define a SL according to the risk you assume.