Despite the obvious that the Euro continues to fall inside the 4H and daily time frame. The major bearish trendline on the daily and weekly timeframe could be a signal for a counter-trend opportunity as I suspect price action might work its way into this line before a downtrend continuation happens. Meanwhile, structures on the 1H time frame appear to support a bullish momentum as a breakout/retest of the structure during last week's trading session appears to confirm buyers are beginning to have confidence in the Euro going into the new week.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Comment:
1st entry adjusted to 1.02570 with stop-loss below key level
Trade active:
Pending order triggered!
Trade active:
29pips running in profit; we want to move stop to break even
Trade active:
Re-entry running in profit with 50pips; we might want to lock in some profit or move the stop to break even.
Comment:
65pips running in profit (1 positon); we want to lock in some profit at this point.
Comment:
110pips running in profit (1 position); we want to lock in some more profit at this point.
Comment:
Over 100pips in profit, we want to be very careful here as price oscillates within a supply zone. The possibility of a bearish move is high if we do not witness a breakout of this zone any time soon
Trade active:
We now witness a breakout of supply zone and it's 150pips in profit:
Trade closed: target reached:
194pips profit
Trade smart. Trade consciously