EURUSD Long 2:1 RR

Same as USDJPY we currently have an order on.
This one seems like a good opportunity as well.

Whatever triggers first -> the other order gets removed as we do not overexpose.

Trade active:

WE're in.

Comment:

Good 4M close. Might get a move from here. Will see.

Comment:

DXY looks good for short, thus confirming confluence for EURUSD long.

Comment:

The only concern is 4H chart that seems t be rejecting price on both EURUSD and DXY. Ideally price goes in our favor during this 4H candle development (25 minutes till close). So that we don't get 4H push against us, which would require us to close early.

Comment:

Good 15M close.

Comment:

Not a good close on 15M, but still holding as overall it still looks possible to get a move from here.
Close happened on low volume which is nice.

Comment:

Still holding. We got a rejection of a trend-line from here.
So price still may move up.

EJ is risk removed with +0.5 banked. Nice.

Comment:

Comment:

Nice hold, that's why we held actually.

Comment:

Price hovering around BE area, we just holding for now.

Comment:

No more trades today as session has concluded, but managing this one till the end.

Comment:

Moving up well. Will see how it goes.

Comment:

Added a quick scale-in and thus targets are quicker as well.

Comment:

Comment:

Targets moved to 1.02050

Comment:

In similar fashion - the 1:1 on scale-in target is put.

Comment:

1:1 reached on a scale-in. Good. Now the risk is back to -0.5, while overall reward is around +1.8, which is around 3.6:1. Great.

Comment:

Price broke a swing high, so stop is moved to 1.01850.

RR ratio is now at around 7:1. Great management decisions today.

Comment:

80% reached. If price closes outside of 80% line in 3 minutes (4M candle) - we're out.

Trade closed: target reached:

We're out. +1.12.
Good management, overall happy with trading.