Forex market: The image on the left is a 3-hour chart of the fiber or the EURUSD currency pair and the price is trying to breakout from its downtrend, once the downward trading range’s resistance is broken another good entry awaits as for my technical analysis. On the right is also an image of EUR/USD but in the 30-min time frame and just when it broke out from a inverted head and shoulders chart pattern, I went long.
Bought EUR/USD @1.3661. Stop loss email@example.com (43pips). Initial target price @1.3782 (121pips).
Updates: Stop loss moved to entry price was hit. Trade was break even.