Eurusd Daily Analysis 03/25/19: U-Turn, 30% Profit

What a U-Turn!!

I was ready to cut loss if price reached above 1.14 again, and then sellers were coming....

30% Profit.

Trades Summary:
- Decide to close all my trades last week to avoid weekend!
- Learn a lesson, that's I have to apply my rules and do not risk too much for each trade.

Today, after a pull back because of price entering the middle of channel.

I decide to sell Eurusd, and risk 2% 

UPDATE 03/28/19:
- Close half trades with 100 pips profit.
- Lock in 50 pips profit for remaining trades, target profit is 1.1180 - 1.11
- Depend on analysis, may close all to avoid weekend.

My descending channel is look different than the previous one, and that is the art of classic technical analysis.

My trading system also has a sell signal.

Descending Channel- Can it reach the other band?

UPDATE 04/01/19:
- Close 3/4 trades.
- Lock in 100 pips profit for one sell trade. Aim for second target if RSI is below 30.
- Ready for Buy Plan depend on descending channel and reverse system.

Best Forex Broker: Low Spread, 500 Leverage, ECN Account

Risk Disclaimer

There are no guarantees, there is risk of loss, past performance is not an indication of future results, and any information given should be taken as factual and not advisement as it does not consider personal situations of people who are reading.

Risk Warning: Trading leveraged products is risky. It isn't suitable for everyone and you could lose substantially more than your initial investment. Margin Forex are leveraged products that carry a high level of risk to your capital.

Trading is not suitable for everyone and may result in you losing substantially more than your initial investment. You do not own, or have any rights to, the underlying assets. You should only trade with money you can afford to lose.

Past performance is no guarantee of future performance and tax laws may be subject to change.. You'll need to read the relevant legal documents and ensure that you fully understand the risks before making any trading decisions.