Pay attention to the updates section as I will be posting when I will be entering my trade.
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
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EUR/USD back down into the Asian range
GBP/USD has just rejected off of the Asian low
My bias is towards the downside for both
Looking for an entry
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entered GBP/USD right now
SL at 1.5 pips
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stopped out. -1.5 pips
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looking at EU for a potential down play EUR seems to be weaker atm than GBP