Week 3 Trending Lines Idea 5: EURUSD Fibonacci Retracement

This analysis utilizes Fibonacci retracement levels on the EURUSD currency pair to formulate a strategic trade plan.

Trade Plan:

Entry Point/Buy Stop: 1.08245
Stop Loss: 1.077
Lot Size: 0.18
Take Profit Targets (TP):

TP1: 1.0879 with Risk-Reward Ratio (RR) 1%
TP2: 1.0933 with RR 2%