### Trade Setup (29/10/2024) - EURUSD
1. Long in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG.
- Entry Strategy: Wait for a pullback into the FVG with bullish confirmation before entering.
- Beware of Earnings: Potential volatility due to correlated US market earnings reports; monitor timing to avoid adverse moves.
Strategy:
- Multi-timeframe approach using 30-minute FVG for intraday setup.
- Confirm entry signals to avoid unexpected volatility from earnings-related movements.
- Manage risk independently, reassessing based on the outcome of other trades if applicable.
1. Long in 30-Minute FVG:
- Target: 1:2 RRR.
- Risk: 1% of account.
- Stop-Loss: Below the 30-minute FVG.
- Entry Strategy: Wait for a pullback into the FVG with bullish confirmation before entering.
- Beware of Earnings: Potential volatility due to correlated US market earnings reports; monitor timing to avoid adverse moves.
Strategy:
- Multi-timeframe approach using 30-minute FVG for intraday setup.
- Confirm entry signals to avoid unexpected volatility from earnings-related movements.
- Manage risk independently, reassessing based on the outcome of other trades if applicable.
Trade closed: target reached
+2%
Fondera | Data-Driven Trading Excellence
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Fondera | Data-Driven Trading Excellence
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
💰Watch me trade live: youtube.com/@Fonderaio
🚀 Discover actionable strategies: x.com/fonderaio
🌐 Explore my journey: fondera.io
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.