EUR/USD 1H - We are quiet simply buying into the higher timeframe correction before price goes on to set a new leg to the downside, this is a position we need to be careful of although we are following the higher timeframe scheme.
As we know price has recently broken structure to the downside on the higher timeframes, confirming to us that this market is going to be short longer term, whilst price has done this price will have to put in a corrective wave before a continuation lower.
This trade is currently running + 16 pips. (+ 1%) 1RR
Ensure you are taking partials and applying safety measures with the trade you are in on, its important you are managing the trade accordingly. A big well done to you all.
If you have any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you as soon as possible. Heres to another great week in the markets.
As we know price has recently broken structure to the downside on the higher timeframes, confirming to us that this market is going to be short longer term, whilst price has done this price will have to put in a corrective wave before a continuation lower.
This trade is currently running + 16 pips. (+ 1%) 1RR
Ensure you are taking partials and applying safety measures with the trade you are in on, its important you are managing the trade accordingly. A big well done to you all.
If you have any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you as soon as possible. Heres to another great week in the markets.
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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.
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.