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
Expecting a bounce off of the Fibonacci zone
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
Expecting a bounce off of the Fibonacci zone
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:
My entry criteria will be a 15m bull candle forming in the PRZ region
Comment:
moving closer and closer towards the PRZ
Comment:
Buy stop set at 1.1620
Comment:
Trade active
Comment:
Stop loss set at 1.1608 (12 pips risk)
Comment:
Stop loss moved to 1.1613 cutting down my risk to 7 pips
Comment:
stop loss moved to 1.1616 cutting down my risk to 4 pips now
Trade closed manually:
trade closed manually with 6 pips profit - it was moving real slow, rsi is oversold and we get a bear trend candle - more than enough of a reason to get out
Comment:
top level was reached but oh well already closed the trade
Comment:
