Short

Updated

EURUSD AB=CD Completed

EURUSD AB=CD Completed
and hit into structure

We can sell eurusd now

SL: 1.1433
TP1: 1.1355
TP2: 1.1300 and 1.09

Note

First Target 90% Achieve
Take half profit
SL maintain

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Trade closed: stop reached

as I mention, I don't want to see price beyond 1.1433
therefore exit the trade.
find next trade in next week

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let's do a calculation of this trade:
If the account is 10k, and 2% rule is 200 usd
for 53 pips risk, the total lot size is about 0.4 lot.
TP1 of 1.1355 is hit and closed 0.2 lot, win 25 pips = 50 usd
then it hit SL with the other half, 0.2 lose 53 pips = -106 usd
total p&l = -56 usd
compare with the original risk of 2% = 200 usd,
we manage to decrease our loss to only 0.56%= 56 usd
I am very comfortable with a 0.56% loss and I will just move to the next winning trade in the future.

Note

Wait for Squeeze

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broke! let's find pull back

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When we talk pull back, we can use FIB tool,
So get ready to short EURUSD again, if 0.618 level retraced.

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for those who want to take short, u can sell now

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As I said in my webinar:
1.1450 is the place we want to exit
higher high means no short.

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News: Trump Is Complaining to Donors in the Hamptons About Powell’s Rate Hikes
Tha's why dollar sudden falls

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Our SL saved us 100 pips

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Based on daily structure, the SL will be 1.1645
that is 120 pips away from now, therefore I won't suggest to short now
we need to find lower time frame 's pattern to give better entry and better Sl

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Some one said there is AB=CD
I totally agree

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Update :

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Today has FOMC meeting minutes. dont trade before news

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15 mins Inside Bar
any one?

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I have marked the TP level for 1:2 risk/reward ratio
FYI

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Target Hit : 1:3 risk/reward ratio

tntsunrise

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tntsunrise

More Discussion:
facebook.com/groups/tntsunrise/
Youtube: PROJACK
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