EUR/USD 15M - As you can see price has played out perfectly, taking the market higher. This was expected and I am expecting this structure to continue longer term. We can expect price to pullback first.
With price now setting a higher timeframe high a pullback is expected as it follows the laws of bullish structure, setting higher highs and higher lows in the market.
This trade took profit for + 97 pips. (+ 5%) 5RR
A big well done to those of you who stayed involved in this market and those of you who got involved earlier on today from the voice note and screenshot provided. Its important you manage the trades correctly.
If you havent taken profit you should look to take profit on the trade and look to re-enter when we have further confirmation of another position. If you have any questions about the trade or the analysis drop me a message or comment below.
With price now setting a higher timeframe high a pullback is expected as it follows the laws of bullish structure, setting higher highs and higher lows in the market.
This trade took profit for + 97 pips. (+ 5%) 5RR
A big well done to those of you who stayed involved in this market and those of you who got involved earlier on today from the voice note and screenshot provided. Its important you manage the trades correctly.
If you havent taken profit you should look to take profit on the trade and look to re-enter when we have further confirmation of another position. If you have any questions about the trade or the analysis drop me a message or comment below.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.