Trade: Closed EU 51 Pips

I trade EU today at the following signal shown in the picture below. I forgot to put the limit order actually, but I enter near the 30 EMA after the price touched the 30 EMA. I set my target at the previous low which is 51 pips with Stop Loss level around 1.3985/95.


On H4 chart, the pair has break the 38.2% Fibo retracement level (yellow Fibo) and almost reach the first target at 50% retracement (yellow Fibo) 1.2328 to 1.4718. On daily chart, the price cross below 30 EMA at the moment and we'll see if the 30 EMA can provides strong support. The weekly chart suggests that the down trend has resumed after price touched 50% Fibo retracement (red Fibo) of 1.6037 to 1.2328.

H4 Chart

Daily Chart

Weekly Chart