Long Micro EUR/USD Futures - 2024-05-16
Layer 1
| Trade Setup | Major Pattern - Breakout |
| Entry Date | 2024-05-16T09:04:44+01:00 |
| Entry Price | 1.089 |
| Size | 1 |
| Initial Stop | 1.0825 (-0.0065) |
| Profit Target | 1.12 (0.0310) |
| Reward/Risk | 4.77 |
Notes
This trade was probably not well grounded for the entry. The signal was just a breakout after a failed descending triangle. I was feeling like I was missing out because I exited my long S&P 500 trade too early.
Micro EUR/USD Futures: Daily
The market broke above the downward trend line which forms the upper boundary of the failed descending triangle.