EUR/USD, Sell entry

FX:EURUSD   Euro / U.S. Dollar
I set a sell limit order near 1.1460
- 1.1465 key level
- the price made fake broke of that key level
- 1-hour candle close under it
- EUR/USD moved up 160% of its daily ATR, after such moves, there can be a pullback.
- Risk/reward 1 to 3.
Trade active
Trade active: Move S/L into breakeven. And hold till take profit
Comment: You can reopen Sell
My S/L above previus high
Use proper risk
Comment: because of 6 pips the price didn't hit take profit

For me, it is a very sad moment because everything else was great.

Trade closed: stop reached
Comment: About EUR/USD
If daily candle will close under key level 1.1464 there will be sell signal if above - there will be buy signal

Comment: as I wrote. Daily candle close under key level and moving down from it.

Near 1.1460 you can open Sell.
But also you need to understand that EUR/USD is in the range.
There was that signal which i published.
Comment: Also I wait when the price will break out this range.

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your analysis is spot on, The target is an interesting part for me
any update please ?
the market loves to take the money from the weak holders, however, I feel your plan was spot on and the only thing you could change is the SL placement. Though that would ruin your Risk to Reward. Hope you took the trade short today.
how is it possible to make thise setups, without consider the fundamentel to the pair. seem like your support/resistance is working the other way around, have made good money this week, looking at eur/usd as bull, more bull the the last weeks. eur is bound to test 1.15 today.... good luck
+1 Reply
Yuriy_Bishko chrislykke
@chrislykke, after my Set Up price moved down 60 pips. EUR/USD ATR is 65 pips. I think it was a good catch
+1 Reply
chrislykke Yuriy_Bishko
@YuriyBishko, that can be true, but why fight against the main trend, I think its important to make all your followers aware that you are trading against the main trend... I thought the big mantra of all traders was " the trend is your friend". what you are doing is trading pullbacks, thats a different story.
+1 Reply
Yuriy_Bishko chrislykke
@chrislykke, Price was near key level
Moved up 117 pips - 200% of daily ATR. That was a great signal for a pullback.
sjohnthomas Yuriy_Bishko
@YuriyBishko, can we expect pull back in EUR/USD.
ericlplun chrislykke
@chrislykke, agree! no more selling for EU at least until 1.15 - 1.16
Thank you! Still a good trade
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