fxwhitebelt
Short

EUR short on hourly order block

FX:EURUSD   Euro / U.S. Dollar
145 3 3
9 and 18 daily EMA on EUR and USDX all supporting the short scenario.
There have been interesting reactions at the 1.2582 in the past and it is also an ICT institutional level.
It coincides with an hourly, bearish order block and the sweet spot for a retracement.
It is above the weekly open and is at the ADR             high for today.

I am planning on entering short if 1.2573 reached, with a stop at 1.26 and a target of 1.249.

Manufacturing data tomorrow might be the catalyst to run up to the figure if it doesn't hit today.
Trade entered at 1.25743 at the London Close window and at the 3rd standard deviation from CBDR. Not sure I like trades that time of day but left the order and didn't take it off before the school run. If I can move to breakeven at 30 pips I will and hopefully be able to sleep on it. Certainly breakeven or out prior to ISM tomorrow. Target remaining 1.249.
Reply
fxwhitebelt fxwhitebelt
Okay, moved to breakeven so a free trade now. Happy to leave full trade on the table. If target hit that's me done for the week, I think.
Reply
hopiplaka1 PRO fxwhitebelt
Great trade! If you draw your fibs, the 200% extension reached to 1.2240'ish level, which is a weekly order block as well.
Could potentially be a cool 350 pips winner when managed correctly. It is NFP this week however, spread tend to get ridiculously so might get stopped out if the stop is tight.
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out