EURUSD (4H) : Trapped buyers => SHORT trade!
When DXY is making higher highs, why is EURUSD breaking the strong correlation and trying to go higher? ==> It's a TRAP for buyers!
When price comes back to the marked zone, trapped buyers will exit - giving us a beautiful SHORT trade.
Look for the monthly liquidity to get raided as a target!
Risk management
1) Reduce 50% at 1R => Trade becomes risk free
2) Reduce further 25% at 2R AND move SL to break-even
3) Close trade at 3R
4) Winner = 1.75R
When price comes back to the marked zone, trapped buyers will exit - giving us a beautiful SHORT trade.
Look for the monthly liquidity to get raided as a target!
Risk management
1) Reduce 50% at 1R => Trade becomes risk free
2) Reduce further 25% at 2R AND move SL to break-even
3) Close trade at 3R
4) Winner = 1.75R
Trade active:
Trade ON
Trade closed: stop reached:
Trade didn't work out. It was a fakeout in both directions.