Hey Guys!
I captured a great long trade on EURUSD - 1 hr today. Ill break it down:
As I was scanning the markets I noted that my trend accelerator indicator flagged a long entry on my EURUSD chart. I went ahead and did a bit of my own technical analysis to further validate the idea, and I noted a beautiful descending wedge. Additionally, the signal came after the close of a strong bullish momentum candle.
I went ahead and entered long on the signal, and placed my stop near the 1.13947 area. I removed my self from the trade, and went about my life for a few days.
When I came back to check the chart I noted I was well into profit! Today I went ahead and closed the trade as I hit well over a 2:1 RR. See how that trade played out!
EURUSD
I captured a great long trade on EURUSD - 1 hr today. Ill break it down:
As I was scanning the markets I noted that my trend accelerator indicator flagged a long entry on my EURUSD chart. I went ahead and did a bit of my own technical analysis to further validate the idea, and I noted a beautiful descending wedge. Additionally, the signal came after the close of a strong bullish momentum candle.
I went ahead and entered long on the signal, and placed my stop near the 1.13947 area. I removed my self from the trade, and went about my life for a few days.
When I came back to check the chart I noted I was well into profit! Today I went ahead and closed the trade as I hit well over a 2:1 RR. See how that trade played out!
EURUSD