EURUSD Trade

Fibonacci
Price broke 100.0% level, retraced back and tested the 100.0% again.

Indicators
ADX: green above red, strength broke above 25.
RSI: hold above 60.
SMA: blue above red
Parabolic SAR: above price (divergence – one level of risk)

Candlesticks
2 Morning Stars – strong reversal pattern.

Other perspectives
Day candle: All indicators are in convergent.

Entry
2 lots long at 1.4832. First stop at 1.4762, target at 1.4895. When price hit 161.8% (1.4895) level, closed 1 lot with $620.00 profit. Raised the stop at 1.4878, target at 1.5025. However, price loses its momentum and second lot was stopped out at 1.4878 (pre-set stop) with profit of $460.00. A total of $1080 profit earned.