EUR/USD 1H - As you can see price has played out perfectly well respecting the first point of interest I have marked out below current price, it is evident that enough Demand must have been present to push price higher.
For any of you who entered in based on a penetration of said zone you should be up nicely and our risk to reward ratio on the position above is a 1:20, so if you are risking 1% of your equity you could be up 20% by the end of this position.
If you missed out on this enter I would wait for price to trade us lower again down and into a fractal level of Demand that can be found by looking at the impulsive waves that have been trading us higher initially.
Price could still trade us as low as the other POI I have marked out which is why its important we apply safety measures to our positions and take partials throughout.
For any of you who entered in based on a penetration of said zone you should be up nicely and our risk to reward ratio on the position above is a 1:20, so if you are risking 1% of your equity you could be up 20% by the end of this position.
If you missed out on this enter I would wait for price to trade us lower again down and into a fractal level of Demand that can be found by looking at the impulsive waves that have been trading us higher initially.
Price could still trade us as low as the other POI I have marked out which is why its important we apply safety measures to our positions and take partials throughout.
