I'm looking for an entry on EU. If you participated in the last trade you'll find it was a loss.. Given that you used proper risk management.. (1%-5%) You're fine.
Especially when only entering the market on trades with the risk being MINIMUM 3:1.
EU went into the 30 Minute AOI (Area of interest) and broke equal highs. (Liquidity grab/stop hunt) and made an...
With the dollar gaining strength, We will see EU turn bearish . I am looking to short this at the highlighted candle also known as a 'pepe' or 'order block'. Tight stop loss so a bigger lot can be held. Target area is the next order block below. This trade is an 8:1 Risk to Reward. 13 Pip stop loss and over 100 Pip reward.. (potentially more)
Disclaimer: This is...