Good day traders, hope you all have a pleasant weekend ahead. Weekend has always been the best day to do self reflect in our trades throughout the week, as well as to have weekly analysis to ready for the week ahead!
Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish environment. Therefore, for the week ahead, we will be looking for short opportunity as well.
Price is expected to retest 1.11788 (strong support) before going all the way down to targeted profit region, 1.10778, which inline with EMA55, too. We will watch closely the formation of candlestick/price when price retrace back to strong support region on Monday.
Entry price: 1.11788 (Sell limit)
SL: 1.12049
TP: 1.10778
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Start off with EURUSD. From daily chart perspective, price has broke below the strong support. Nevertheless, price has closed in a very bearish environment. Therefore, for the week ahead, we will be looking for short opportunity as well.
Price is expected to retest 1.11788 (strong support) before going all the way down to targeted profit region, 1.10778, which inline with EMA55, too. We will watch closely the formation of candlestick/price when price retrace back to strong support region on Monday.
Entry price: 1.11788 (Sell limit)
SL: 1.12049
TP: 1.10778
Always go for a clear trading strategy and enter trade with good risk management. It's always you versus yourself instead of you versus the market.
Comment:
Unfortunately this trade has hit SL. However it is within our risk control and we will come back strong with another solid entry! Stay tuned!
