Daily Trade Control EuroUsd for 28/10- 1/11/2019 for Swing Mode
First,i have take major support and resistance from Monthly for direction of price and current trend still bearish and expected to perform double bottom before trend change to Uptrend.The Red horizontal line indicate Monthly support and resistance and Blue horizontal line indicate Daily support and resistance level.
For today, i target price still continue go down to 1.10776-1.10658 before go up 1.11300 for retracement and go down for continue bearish trend and it will be in next week.
STEP for entry:
1)Find trade control in bigger timeframe
2)Find major support and resistance in bigger timeframe
3)Wait for price breakout and pullback at key level before entry.
4)Set TP and SL base on next support and resistance.
5)My MM is 5% risk from capital.
This my analysis for my trading journal.
For today, i target price still continue go down to 1.10776-1.10658 before go up 1.11300 for retracement and go down for continue bearish trend and it will be in next week.
STEP for entry:
1)Find trade control in bigger timeframe
2)Find major support and resistance in bigger timeframe
3)Wait for price breakout and pullback at key level before entry.
4)Set TP and SL base on next support and resistance.
5)My MM is 5% risk from capital.
This my analysis for my trading journal.
Trade active:
Price touch area of 1.10776-1.10658 and current price now make rejection..
Trade active:
Price still follow as per prediction and target to sell at high today.
Order cancelled