EURUSD Analysis Part 3d – DAILY CHART (Taking Profit) for FOREXCOM:EURUSD by ForexFloorTrader — TradingView


Today’s candle moved close to my “Take Profit” price point, bounced upward and now looks like it may end up being a Doji , an indecision candle. With price bouncing off a price level near my “Take Profit” price level and moving back upward indicates price rejecting lower prices. As a result, I am now taking profit. With price so close to my “Take Profit” price level it is not worth the risk to try to wait for price to hit my price target as price action could reverse back upward first thing Sunday when the market opens again. I will then wait to see what price action does next and look for another trade setup.



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