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
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
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:
Target re-adjusted to 1.14635
Comment:
We are looking for a break of the green zone and a target at the orange zone
Comment:
$EURJPY also showing some opportunities - I will include it the details here if I decide to trade EURJPY as well
Trade active
Comment:
price breaking down nicely
Comment:
Price is consolidating along the structure level
Trade closed manually:
closed at break-even - missed the target by 2.5 pips
Stop loss @ 1.14825
Target @ 1.1466