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akhena10fx
Mar 12, 2023 9:36 PM

EURUSD Outlook 3/12 Long

Euro Fx/U.S. DollarFXCM

Description

Bullish on EU, however I would like to see sellside cleared before buys become more attractive.

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In a demo short, glad i closed my friday short as the weekly open gap would have wiped out profits. This is a reminder to keep closing before the weekends.

Friday's high was taken out, we got a BMS and trade into mitigation block.

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taken out BE, will see what NY brings tomorrow.

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Short on EU

Trade closed: stop reached

Market had other plans.

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last attempt, short off the 1min breaker after buyside taken.

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reducing risk.

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holding intraday, looking to close before CPI tomorrow.

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aint nun but a lil bit of patience. moving the SL of one of my positions to break even to reduce overall risk.

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gonna go fully risk free and stop watching the charts for the day. there is a risk that london will put in a new daily high and take me out of the trade but c'est la vie.

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stopped out break even on yesterday's trade, wish I was up to close some during london, im short again at pretty much the same price

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might e on the wrong side here.

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stopped out, one more attempt.

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added to position

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extremely tricky price action, had to give the add some room and move all SLs to the recent high.

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switching sides at the balanced range.

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shorts closed, in longs.

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doubled up with a tight stop.

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take profits updated.

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really shitty price action.

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whatever the final move is going to be, they dont want anybody participating thats for sure.

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giving it room to original SL.

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really tough day for price action today. glad to be able to make some sense of the madness.

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Going break even.

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adding to position off the breaker x 5min FVG. (afternoon session)

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SL moved into profit.

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Come up with your trade idea, manage your risk, and be stubborn. dont let price jerk you all over the place. take the L and move on if your idea is invalidated.

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need to see the 5min balanced price range support price.

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price took CPI high and seems to have run out of steam for the day.

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giving it room and holding intraday.

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theoretical added position here during asia, not a live but for self education. (Breaker + FVG)

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Note to self: backtest balanced ranges this weekend.

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balanced ranges seem to be extremely probable for entries, but not for stoploss placement. 3rd position was not live but use balanced range for idea

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unfortunately did not get a prime opportunity to take profit, stopped out during london.

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long on EU again.

Trade closed: stop reached

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last attempt, DXY breaker entry.

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lol I was beginning to think I lost my mojo.

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i honestly wouldn't be surprised if EU prints a new weekly high from here.

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holding interday, more conservative TP

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chugging along.

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price hit my TP, i was awake early and took a short from bed lol, price kicked me out just before dropping. small profit. SL was a little premature.

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im short

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added to position at the balanced range. aiming for yesterday's low

Trade closed: stop reached

stopped out

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I think we go up. news would have sent price down if it still wanted blood. aiming for the weekly open.

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nice. break even.

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TPs updated.

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will add here if given opportunity.

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might get that opportunity.

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might not.

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was tapped into 2nd position. holding interday likely. SL at breakeven.

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beginning to partial out of position as price approaches TP.

In the future work on taking profits as price approaches TP. Analysis is different from making money. partial-ing out pays you.

SL of first 80% partial moved beneath most recent OB. 20% running to final TP.

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4HR balanced range was instrumental here as well as in NAS idea.

Price below a HTF balanced range (in a bullish scenario) is defacto considered discount pricing. use this as a trade justification long on LTF entries.

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added another TP level.

Trade closed: target reached

all TPs hit.

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going long again on EU. dont love that asia low, but price has traded into 4HR O and BMS upwards. News might be the driver.

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added to position after a 1m OB following rejection from 15M balanced range.

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price getting healthy with the help of news.

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giving it some room as we ran into 2HR BRs above.

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going back break even

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I think we are good from here out till higher prices.

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moving SL up, locking in some profits.

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I want to see price punch through that higher balanced range with momentum

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TP1 Hit, price in TP2 range and I have begun partial-ing out as stated I would begin to do earlier in the week. really great trade this one. Might just end the week on this note.

Trade closed: target reached

the full trade has been collapsed manually inside of the second TP range.

Comment

price eventually completed final TP at weekly open.

Have a great weekend!
Comments
JoeChampion
Thank you for your insights, all depends on CPI for now!
Jay1200
Thanks 🙏🏼
TheCryptagon
Solid idea, I agree with your idea moves up expected ! Check ours too:
InkyGrip
intersting EURUSD analysis. Thanks for it
TheFxAce
thank you for your work
akhena10fx
@TheFxAce, I appreciate the support!
TradingShot
Thank you. Great job. Thumbs up!
akhena10fx
@TradingShot, Thanks for checking out the idea
TradingBrokersView
Noted, thank you!
akhena10fx
@TradingBrokersView, Thanks for viewing
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