On the daily timeframe (1D), a short order flow emerged earlier this week. Currently, we are still in a long context from the perspective of the higher timeframe. However, the primary target for the movement is considered to be 1.072. After reaching this level, we may continue the movement as indicated on the chart. If the price solidly establishes below 1.072,...
Trade 1 Short Playbook 4H C.3
-I am in the trade short on a regulated broker (CMC Markets)
- Lot size is 0.01 lots until I am consistently profitable.
- My Entry prices are the same as below.
- I have a take profit in place but I will reduced risk if the market structure present with breaking new lows on the Lower Time Frame
- Grade of trade : c+
(with reading...
The EUR/USD pair is taking a break around 1.0960 after posting its biggest daily gain in a week during a two-day rally. This suggests that the Euro has been boosted by hawkish comments from European Central Bank (ECB) officials the previous day, while paying little attention to optimistic US data. However, cautious sentiment ahead of key speeches from top central...
Break below support and approaching previous lows, there is a significant demand for rebound after a sharp pullback. If there is sufficient margin, I believe now is a good time to go long.
If you have any other trading-related questions, feel free to let me know in the comments and I will help you answer them.
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