Here is my analysis and trade idea on
EURUSD
EURUSD EQH’s were taken yesterday and the pair continued to push higher during Asia session.
I believe today price will sweep liquidity above Asia session and drop down.
My targets are 1.04950 and 1.04552
BEFORE OPENING YOUR TRADE:
- Remember risk management is 1-2% of your capital
- Take profit of your position partially. Don’t leave money on the table.
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Go to a lower timeframe to find break of structure and change of character (Choch). Remember No Choch – No Entry!
- DON’T FOLLOW IDEAS BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE IS YOUR DECISION!
If you have your own view about it, please share your thoughts in the comments.
Happy trading!
EURUSD
EURUSD EQH’s were taken yesterday and the pair continued to push higher during Asia session.
I believe today price will sweep liquidity above Asia session and drop down.
My targets are 1.04950 and 1.04552
BEFORE OPENING YOUR TRADE:
- Remember risk management is 1-2% of your capital
- Take profit of your position partially. Don’t leave money on the table.
- Don't open too many orders at the same time
- Be patient
- Don't be so greedy
- Go to a lower timeframe to find break of structure and change of character (Choch). Remember No Choch – No Entry!
- DON’T FOLLOW IDEAS BLINDLY
- ALWAYS DO YOUR ANALYSIS BEFORE MAKING A TRADE!
YOUR TRADE IS YOUR DECISION!
If you have your own view about it, please share your thoughts in the comments.
Happy trading!
Comment:
Please note this is only a short term sell setup as I believe EURUSD will continue to push up
Comment:
Trade closed at 0.5100 as the dollar currency has lost some steam and I think its going to drop back to the demand zone.