EUR/USD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATES
Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile + EW
Price is showing a nice rejection of a structure level so I am more inclined towards selling
If Buy opportunities arise I will update below
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
The analysis is made based on order flow using volume profile + EW
Price is showing a nice rejection of a structure level so I am more inclined towards selling
If Buy opportunities arise I will update below
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment:
The price broke above the TSE range (red dashed line range) so we could potentially see the common Frankie fakie technique being used...
Comment:
The London Stock Exchange session gets underway now - expecting activity to pick up
Comment:
price is moving higher but I am not convinced - there's one fibonacci level ahead - the 78.6 from where strong continuations take place
price is moving higher but I am not convinced - there's one fibonacci level ahead - the 78.6 from where strong continuations take place
Comment:
the 78.6 also happens to be a round number ~ 1.1700
Comment:
I would like to see a 15m bear trend candle form before I take a short entry
Comment:
there's bearish divergence forming on the 5m TF
Comment:
price is on our level of interest - still NO ENTRY however
my criteria hasn't been met
price is on our level of interest - still NO ENTRY however
my criteria hasn't been met
Comment:
Price has broken above the 78.6 but my bearish bias still remains - should there be a harmonic pattern in play we could see a reversal from the 0.886
Comment:
price rejection - but still need to see a 15m bear trend candle to enter
Comment:
Sell stop order set @ 1.16905
Trade active
Comment:
Target set at 1.1674
Stop loss at 1.1705
Stop loss at 1.1705
Comment:
Price already moving down nicely
Trade closed: stop reached:
sl reached -17
Comment:
will look for a re-entry if I get a sell setup
Comment:
It looks like it could form a double top
Comment:
not the best of trades for today - the pair just rallied even higher - I will not be interested in it anymore and calling it a day
See you all tomorrow - trade safe
See you all tomorrow - trade safe