J_Graystone
Short

EURUSD Trend Continuation Trade

FX:EURUSD   Euro Fx/U.S. Dollar
844 7 14
After putting in a Lower Low, Lower Close on Monday, we should expect to see continued movement to the downside. The question is, How can we get involved. Well during yesterdays Live Trading Room, we discussed waiting for a pullback up into previous structure support which should now act as resistance and then build up a case for entry.

We now have price action right in our kill zone which has Ratio confluence, an advanced pattern and RSI is over sold.
Aggressive traders would be looking to enter at market whilst more conservative traders may be waiting for a retest of structure with RSI divergence.

Either way, this trade offers extremely good risk reward .

Good Luck
OsamaAbouzeid
a year ago
I have exit at this area
EURUSD _ Butterfly Pattern Completion
+1 Reply
Adil-khan
a year ago
i did not get the SL ,, did you took 1 atr sl or it is a Fixed pit sl
Reply
Wow, didn't expect it to get there so early! Luckily I was awake, been eyeballing this all week!
Reply
JakeSummers4x
a year ago
Missed this.. great trade though for those who took it.
Reply
Certainly looks to be going in your favour, Jason. :)
I was looking at this as well, however my A-B didn't quite reach up tp my 50% fib, so I didn't take it.
Are you "flexible" on this, or is this a case of different datafeed perhaps?
Reply
B-point is less then 0,5XA. At least with my quotes...
Reply
PateSkpate
a year ago
I liked it.. Had a high CTS score in my book.
Reply
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