Greetings.
As you may saw in my recent YouTube analysis, I was expecting DXY to start making a pullback on the 4H chart which means that EURUSD will enter a short-term bearish move.
The price is in a big 4h supply area and right now it made a big 15 min bearish impulse followed by a correction. I am expecting the price to drop from the 15 min supply area and reach the 1.07 level at least. Below we also have a 15 min demand zone and that is where my TP sits.
Remember that in the bigger timeframe (H4) this is only a correction for another bullish push so it will be short-term.
Trade details:
Entry: 1.08668
SL: 1.08744
TP: 1.06887
RR: 1:6
Risk: 1% account balance
Disclaimer: This is not a trading signal or financial advice. It is only a potential trade that I'm looking at. I encourage you to always do your own diligence and not jump in blindly.
As you may saw in my recent YouTube analysis, I was expecting DXY to start making a pullback on the 4H chart which means that EURUSD will enter a short-term bearish move.
The price is in a big 4h supply area and right now it made a big 15 min bearish impulse followed by a correction. I am expecting the price to drop from the 15 min supply area and reach the 1.07 level at least. Below we also have a 15 min demand zone and that is where my TP sits.
Remember that in the bigger timeframe (H4) this is only a correction for another bullish push so it will be short-term.
Trade details:
Entry: 1.08668
SL: 1.08744
TP: 1.06887
RR: 1:6
Risk: 1% account balance
Disclaimer: This is not a trading signal or financial advice. It is only a potential trade that I'm looking at. I encourage you to always do your own diligence and not jump in blindly.
Trade active
Comment:
SL moved to break even.
Trade closed manually:
Trade closed in profit around 1.7% RR
