DumeFx

Eurusd next week

FX:EURUSD   Euro / U.S. Dollar
The chart speaks for its self, the first sl will be adjusted when the time comes. Of course, we know the price might do some liquidity grabs so be aware. long term bullish for EURUSD look at the daily
Comment: first sell trade went down a treat with minimal draw down on the trade. on the 5 min chart it consolidated on the orange support now its looking like itll mitigate the imbalance and continue course for the buy trade
Comment: price currently consolidating along a demand zone. There are two outcomes, either a build-up of orders is currently going on then we carry on upwards or the bull momentum has lost strength and a reversal is about to take place. so to be safe put stop losses to break even and let's ride this one out.
Comment: exited my buy trade at 1 to 1 risk to reward, had a 1 to 3.49 risk to reward for the sell so in total 1 to 4.49 for this move. The markets didn't go our way but we made money.

Comments

Please keep us updated!
+1 Reply
DumeFx Henneyfx
@Henneyfx, will do sir
Reply
true, I did spot a divergence and expecting a pulling then breakout like you highlighted, Let's see what happens on Monday
Reply