EURUSD - In trade analysis

Well, the EURUSD trade is shaping out to be really good. Its just amazing when you get the Wolfe waves right that the trades can be so profitable. You can read about the first analysis of this trade here and a follow up analysis here.

So here's an analysis of the EURUSD trade so far.

EURUSD - H1 Chart

There were two trades opened @ Lots each.

Trade 1:
Open Price: 1.29841
Closing Price: 1.29556
Closed: 1 Lot
Pips in Profit: 285

Trade 2:
Open Price: 1.30091
Closing Price: 1.2845
Closed: 1 Lot
Pips in Profit: 526

Moved stop loss for both the trades to 1.29841

On the 4 Hour chart, the Stochastics is just shaping out to be bearish at the 80 line. On the H1 chart, Stochs is already bearish.

EURUSD Price has moved out of the 'Sweet Zone' and is on the way to reaching the target of 1.28.

As of this point, with the open trades, Trade 1 stop loss is +25 Pips and Trade 2 stop loss is at break even.

To reiterate, Wolfe Waves tell us that price will drop to 1.27445 around the 27th of March, 12PM (GMT+2).

We have the daily support level at 1.291. So at this point we will close 0.50 lots for both the trades and move the stop loss to 1.29614 which is the daily pivot.

We will let the remaining two trades at 0.5 lots each to run its course.

EDIT

I have closed 0.40 lots for both the trades. So right now we only have 0.10 lots for each of the two trades. Stops has been moved to 1.29614 with TP at 1.2745. Fingers crossed that tomorrow we'll get there!