PipDad

EURUSD Trade examples

Short
FX:EURUSD   Euro / U.S. Dollar
Following up from yesterdays trades, I had a very clean entry here off the 15 minute chart once we saw an impulsive move towards the 1.12600 key level.Unable to break above the previous high. Smart money and sentiment is still bearish . Almost smashing through 1.11600 as I predicted.

How will we look moving into next week? I believe further downside is bound to occur however price may take a upside retracement for buyers remorse. I will be monitoring these key levels on the Monday Asian session. If there is one thing I would love to share with you all is setting up those key levels and finding where smart money is moving. When scalping, we only trade with the trend. Not against it. These order blocks are established by using data of 2-3 days of where I am trading. Refer to higher time frames if need be to find where the trend is moving.

I don't usually like trading the Friday close as I am not a one to hold trades very long. But this was very necessary to finish the week strong. Focusing your time and efforts on 1 pair can enhance your trading tremendously. 60-70 pips a week is all you need.

Remember this is not trading advise but purely for educational purposes.

Have a great weekend everyone.

Lets go get it !