as of last week EU made a run ob approx. 100 pips off of a solid support zone .
- retraced off of a previously held Fibb level.
- the plan for this week will be short I never jump into the market and always wait for it to come to me!
- given this understanding if we see EU retrace this previous zone and shows signs of reversal we may have a potentially long term short opportunity .
market moves in waves and rarely just dumps right after a price reversal trigger as we saw most of today.
- potential entry 1.01885
- plan on twin trading ( 2 lower evenly leveraged lot sizes with a max risk of 25 pips).
- if prices stop out after 25 scratch this trading idea and move on. with this strategy your potential risk is 50 pips.
- TP - 1.10475
-TP 2 1.10300 or move stops into profit and let run.
we see market in a direct bearish move from yesterday and it has potential to continue on and forget all about us. that's fine again we will wait for the best potential in the market!
MY FREE GROUP WHERE I POST HOW TO TRADE AND UNDERSTAND PRICE ACTION TRADING .
^^^^^^^^^^^^^^^^^^^^
T.Me/NMKFINANCE
- retraced off of a previously held Fibb level.
- the plan for this week will be short I never jump into the market and always wait for it to come to me!
- given this understanding if we see EU retrace this previous zone and shows signs of reversal we may have a potentially long term short opportunity .
market moves in waves and rarely just dumps right after a price reversal trigger as we saw most of today.
- potential entry 1.01885
- plan on twin trading ( 2 lower evenly leveraged lot sizes with a max risk of 25 pips).
- if prices stop out after 25 scratch this trading idea and move on. with this strategy your potential risk is 50 pips.
- TP - 1.10475
-TP 2 1.10300 or move stops into profit and let run.
we see market in a direct bearish move from yesterday and it has potential to continue on and forget all about us. that's fine again we will wait for the best potential in the market!
MY FREE GROUP WHERE I POST HOW TO TRADE AND UNDERSTAND PRICE ACTION TRADING .
^^^^^^^^^^^^^^^^^^^^
T.Me/NMKFINANCE