EURUSD Long Trade 27 Apr 2021 +2.18R Profit


REASONS FOR THE TRADE:

Daily chart: 
10-day MA was angling up.

4hr chart:
Price was inside a support zone and stochastic %K has reached oversold level at the time the trade was considered.

See EURUSD daily and 4hr charts below.


ENTRY:

Buy order was filled on 27/4 at 1.20686 with a stop loss at 1.2045 and take profit at 1.2120.

EXIT:

Take profit order was filled on 29/4 at 1.21201.

The reward was +51.5 pips against a -23.6 pips risk for a +2.18R profit.

Disclaimer:

Trading and investment involves risk, including possible loss of principal and other losses. I shall not be responsible for any losses or loss profit resulting from trading or investment decision based on my posting and any information presented in this blog.


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