Strategy based on long bias:
I want to see price create a higher low swing and price to move higher.
I will wait for stop hunt at this swing point inside the Daily Fair market value and weekly open and go long.
Order cancelled:
Ideas all based my own bias on how I read the markets. Always do your own research.
Looking at the US dollar, price is screaming to run higher to run weekly stops. With this in mind, I cut off my trade and have changed bias to go lower.
Now I am looking at the price retrace into the swing area to go short.
My targets are now Previous week low and 1.15753 area.
Looking at the US dollar, price is screaming to run higher to run weekly stops. With this in mind, I cut off my trade and have changed bias to go lower.
Now I am looking at the price retrace into the swing area to go short.
My targets are now Previous week low and 1.15753 area.
Trade closed manually:
Took 80 % of size off. Profit 85 pips. Leaving the 20 % on.
Trade closed: target reached:
Target 2 reached. Remaining 20% position closed.
Trade closed: target reached:
Captured ( 1 : 4.58 ) Risk/Reward
Sell : 1.16772
Stop: 1.17003
Target 1 : 1.16204
Target 2: 1.15753