LONG ZONE 1.17266 AND 1.17129 TARGET 1.117677 - 1.17933
As expected yesterday we got the 50-60% pullback from the monday pump. People will try to find some news explaining it saying Trump and Lagarde said this and that and it triggered the dump blablabla. All that can just be explained by watching the 30 minute and 1 hour cloud. When price closed inside those 2 clouds price just staright down to hit the bottom of the cloud which is a normal move for ichimoku traders given the fact that price was so overbought.
Either way the move happened later in the day. Price entered around 8 pm in France I personnaly entered the short from 1.17880 at the edge of the 30min cloud and got out at the bottom of the one hour around 1.17400 or so. My only regret is that i did put 0.5 lot instead of let say 2 lots but profit is profit right?
So now what's the play? My play will be to buy the dip of this much expected move. I gave you the buy zone in the title as well as the take profit. Price could literally fly higher but let's stay conservative for now.
What is the stoploss ? it should be around 1.16921.
If you are not confident enough watch the 3 hour displayed in the chart ,4 hour cloud and 6 hours cloud if price crosses and closes below any of those 2 clouds forget the buy the dip setup right? for now the cloud is playing as support on which price could bounce.
Another tip don't long if you don't see any bounce sign right? Or just nible here and there a few small longs until it adds up consequently. That said good luck and happy trading
Either way the move happened later in the day. Price entered around 8 pm in France I personnaly entered the short from 1.17880 at the edge of the 30min cloud and got out at the bottom of the one hour around 1.17400 or so. My only regret is that i did put 0.5 lot instead of let say 2 lots but profit is profit right?
So now what's the play? My play will be to buy the dip of this much expected move. I gave you the buy zone in the title as well as the take profit. Price could literally fly higher but let's stay conservative for now.
What is the stoploss ? it should be around 1.16921.
If you are not confident enough watch the 3 hour displayed in the chart ,4 hour cloud and 6 hours cloud if price crosses and closes below any of those 2 clouds forget the buy the dip setup right? for now the cloud is playing as support on which price could bounce.
Another tip don't long if you don't see any bounce sign right? Or just nible here and there a few small longs until it adds up consequently. That said good luck and happy trading
Comment:
we reached our first target. congratulations!!!!!!
As i said earlier profit is profit take half profit here and let it cook
As i said earlier profit is profit take half profit here and let it cook
Trade closed: target reached:
the first target was well reached but the second looks like it won't be a piece of cake as we have a descending triangle on 1 minute time and 3 minutes, i generally don't downplay those lowertime frames as i'm day trader.
If you're a swing trader no worries stay long but if you're a day trader it looks like the descending triangle is about to break lower. So manage your trade accordingly
If you're a swing trader no worries stay long but if you're a day trader it looks like the descending triangle is about to break lower. So manage your trade accordingly
Comment:
EURUSD just broke above the 1 minute and 3 minute descending triangle , up to you if you want to stay long its still valid as for me i have taken, better take profit than be sorry i'm tempted to long again but my trading session is over for today see you tommorrow
Here are 3 things to consider either you put too much position and you loose your mind once price goes slightly the other way second you could be adding to your postion and get scared away the third option you want to eat all and you follow each wave at the 1 minute time frames
whatevr the scenario think twice better win small than lose at the end of the day what's most important is the amount of money that you withdraw from the platform