THE EURO FLIGHT | EURUSD (DAILY CHART)

We enjoyed a 225 pips profit run in our last counter-trend trade (see link below) on this pair as we went bullish. See my plan against the current price action below;

Tendency: Uptrend ( Bullish )
Structure: Support and Resistance | Channel
Observation: i. Price appears to be caught in consolidation within the price range of 1.11800 and 1.09500 (in the light blue rectangle).
ii. Suspecting that price is going through a correction move from the last impulse leg.
iii. Expecting a reversal at the .618/.786 retracement level.
Trading Plan: BUY at supply zone with potential TP1, TP2 and TP3 (if price breaks 1.11250 zone) at 205 pips and SL @1.09200/1.08600 zone.
Risk/Reward: 1/4
Potential Duration: 4 to 10 days

** Please note that Stop Loss is subject to individual risk appetite per trade and account size.



FREE TELEGRAM CHANNEL:
Subscribe and get real-time trading tips and updates
https://t.me/nirvanaconsorts

FACEBOOK PAGE:
www. facebook .com/nirvanaconsorts/

PRIVATE MESSAGE:
Whatsapp: +2348164343827 or
Telegram: https://t.me/AskMasterSheriff







Nirvana! Forex Trades & Investments
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by Nirvana Trades & Investments for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and NFTI takes no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
NFT&I does not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.