After a good few struggling weeks of range bound movement on euro dollar we are finally seeing some of the upside momentum we need. So far we have momentum identification but still lacking confirmation and rejection. Lets see where this momentum can carry us. This is a potential setup thats pending, but i will add updates along the way of what im seeing.
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Comment
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lekka bullish engulfing confirming our upside momentum, waiting on step 3 rejection of 1.1000
Order cancelled
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Unfortunately for us the momentum never allowed the slow in order for us to get out entry steps. Even though we never go a entry is is important to still see that our analysis is on mark.
@dailyzar_fx, you missed it ,even with the engulfing candle ..... anyways next time
DavidMyburghTrading
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@Max330,
1. engulfing is not a entry signal for my strategy
2.entering after the engulfing would have doubled my risk and invalidated my risk:reward setup.
3. plan the trade and trade the plan, discipline and commitment to one strategy will triumph all.
4. at least the analysis and overal bias was correct.
@Max330, Analysis was strongly still proactive and im blessed to have rather missed the trade then
entered prematurely without the correct steps and had it go against me. markets will provide us with plenty more opportunities.