Trading Idea: Short EURUSD with Pending Order
Entry Reason and Setup Idea
As of the time of writing, EURUSD is in a downtrend on the 4-hour chart and was rejected in the supply zone. I have decided to use a pending order to enter the trade. However, I would like to caution that the risk-reward ratio may not be 7 if there is a reaction at the horizontal line.
I would also like to mention that this location was suggested by my mentor, and I am grateful for his guidance. It is always helpful to have a second opinion on trades and to learn from those who have more experience.
Trading Journal
I believe that keeping a trading journal is an essential part of becoming a successful trader. I am sharing this idea as part of my trading journal, and I hope that it will be helpful to others who are also learning and trying to improve their skills.
Please note that all ideas presented in this journal are intended for educational purposes only and should not be taken as investment advice. Trading carries risks, and it is important to do your own research and analysis before making any investment decisions.
Product Analysis
If you have any requests for product analysis, please feel free to leave a comment below. I am always looking for new opportunities to learn and explore different trading products.
Thank you for reading, and I hope you find this trading idea informative and helpful.
Entry Reason and Setup Idea
As of the time of writing, EURUSD is in a downtrend on the 4-hour chart and was rejected in the supply zone. I have decided to use a pending order to enter the trade. However, I would like to caution that the risk-reward ratio may not be 7 if there is a reaction at the horizontal line.
I would also like to mention that this location was suggested by my mentor, and I am grateful for his guidance. It is always helpful to have a second opinion on trades and to learn from those who have more experience.
Trading Journal
I believe that keeping a trading journal is an essential part of becoming a successful trader. I am sharing this idea as part of my trading journal, and I hope that it will be helpful to others who are also learning and trying to improve their skills.
Please note that all ideas presented in this journal are intended for educational purposes only and should not be taken as investment advice. Trading carries risks, and it is important to do your own research and analysis before making any investment decisions.
Product Analysis
If you have any requests for product analysis, please feel free to leave a comment below. I am always looking for new opportunities to learn and explore different trading products.
Thank you for reading, and I hope you find this trading idea informative and helpful.
Trade closed: target reached:
Reach First TP
just thinking that 1 to 4 is Ok
just thinking that 1 to 4 is Ok