My Idea of sell trade on EurUsd. As price get below "Lower timeframe support" It can be a confirmation that it can go to the OD/ support on 4H. I expect some small pullbacks on lowertimeframe tho (on lower timeframes exist some minor supports which I expect price to react and form pullbacks)
Comment:
Like I was expected, on lower timeframe (15M) the price start a ascending channel from a minor support. I am looking for a break of the support of minor trend to confirm the major short move.
Comment:
It break the minor ascending trend with a strong short move. Now usually I close half of the position and move the SL at entry to make the trade risk free. It doesn't look too clean on 4H, having long shadows it means on lower timeframes are some strong battles (pullbacks). I would watch the trade closely.
Trade closed: target reached:
We had 1 chance to close manual the trade when price was near TP, but If we hold the trade, TP would finally hit!!