EURUSD Scalp and Swing
Updated
We are still moving inside of that big triangle, with several attempts to break out of it but so for no follow through.
I am going to do a swing trade here and a scalp. With the scalp i am going to try and finance the stop for my swing trade. There is a decent chance we are at a support level now, making a higher low which could be the start for the upwards breakout. With both i am going to do a small 50% size. For the swing trade i will increase it during the triangle breakout and for the scalp i will increase it when we see it move up and so i can easily move the stop higher as well towards BE, but still have decent room left in case it drops a bit again. For now i want to see it drop a little bit more and see some support. When i see it turn up on the low time frame, i will get in. As you can see in the 5m chart, that moment is possibly here now.
Previous analysis:
I am going to do a swing trade here and a scalp. With the scalp i am going to try and finance the stop for my swing trade. There is a decent chance we are at a support level now, making a higher low which could be the start for the upwards breakout. With both i am going to do a small 50% size. For the swing trade i will increase it during the triangle breakout and for the scalp i will increase it when we see it move up and so i can easily move the stop higher as well towards BE, but still have decent room left in case it drops a bit again. For now i want to see it drop a little bit more and see some support. When i see it turn up on the low time frame, i will get in. As you can see in the 5m chart, that moment is possibly here now.
Previous analysis:
Note
Note
It worked out perfectly as described earlier today, catching the low :). But so far no follow through though. I am going to use today's low as a stop now which is almost BE just in case. If it gets hit, i will just wait and see what happens. Probably see some movement when Europe wakes up in 5 hours or so, the same time i should wake up as well even though i am still awake :)Note
Taking off 25% profit here is also not a bad idea btw
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