Hello traders,
Firstly, I want to say that I share with you my anticipation about the market but not that I am taking this trade at 100%. In other words, I trade this if I see the price action moves in the way I want to move.
Here is my idea on EUR/USD for the next week ( 11.12 - 15.12 )
As we can see the price just reached the second point of the daily support and now reacts. There's nothing special yet.
Next week I will be watching this one and where the green bars will go and how.
I need to see the price challenging the area around 1.1800 and struggling to make new low before entering this long position.
This is such a great opportunity because:
- we have an exhaustion bar on the daily chart after a slow movement at support and it could be a starting point
of the next rally. However, it cannot be a signal by itself.
- we are very close to our big buy zone and we have a chance to place a stop loss just below it - very tight to a decent place.
- Risk reward ratio - 1:3 ( main target around 1.1900 )
Good luck :)
Firstly, I want to say that I share with you my anticipation about the market but not that I am taking this trade at 100%. In other words, I trade this if I see the price action moves in the way I want to move.
Here is my idea on EUR/USD for the next week ( 11.12 - 15.12 )
As we can see the price just reached the second point of the daily support and now reacts. There's nothing special yet.
Next week I will be watching this one and where the green bars will go and how.
I need to see the price challenging the area around 1.1800 and struggling to make new low before entering this long position.
This is such a great opportunity because:
- we have an exhaustion bar on the daily chart after a slow movement at support and it could be a starting point
of the next rally. However, it cannot be a signal by itself.
- we are very close to our big buy zone and we have a chance to place a stop loss just below it - very tight to a decent place.
- Risk reward ratio - 1:3 ( main target around 1.1900 )
Good luck :)
Trade active
Comment:
Closing this trade -30 pips before FOMC press conference
Comment:
Re-entered after the news.
Comment:
Guys, Here's the update. My re-enter was in wednesday after the news release.
Didn't manage to close the trade at profit as it reached recent resistance which was a mistake.
I had profit like 80 pips or something but I didn't close the trade because of my target goals, not reflecting the resistance at the current level.
The main target remains 1.1900 but if it reaches 1.1830 again, we have to be careful and take profit if it necessarily.
Didn't manage to close the trade at profit as it reached recent resistance which was a mistake.
I had profit like 80 pips or something but I didn't close the trade because of my target goals, not reflecting the resistance at the current level.
The main target remains 1.1900 but if it reaches 1.1830 again, we have to be careful and take profit if it necessarily.
Comment:
Comment:
If anyone is in this trade with me. Here's the update again:
The price is coming back to the sell zone buy way stronger than the last time.
My target remains 1.1900 but be careful with the current zone and if there are any signs of aggressive sell, I will close it.
The price is coming back to the sell zone buy way stronger than the last time.
My target remains 1.1900 but be careful with the current zone and if there are any signs of aggressive sell, I will close it.
Trade closed manually:
Closed the trade with 50 pips profit. I will let it pullback and go with the buys again in other post.
Aggressive downside movement. Taking into consideration the full retaracement before the entry point, this might be a spike.