Euro / U.S. DollarShort
EURUSD London Trade Marco 5am
EURUSD London Trade Marco 5am
I anticipated for price to rally to the buy side liquidity/FVG to set up for a short. I was looking for shorts today.
Price sets up taking the 3 buy side targets /FVG reaching the clean equal highs on the .618 level. Anticipating for a short price consolidated and 5:03 breaks the structure. I did go in at 1.05620 however too small a stop loss and kicked me out. I went back in with the equal lows and the top of the dealing range which also lined up with the .618 level for TP target. I did not get greedy to see if it would sweep the clean equal lows, but I felt I reached my OG target and exited at 1.05640-.618 level.
Take away notes-trust the .618 levels. Next time tighter entry on entering on the .618, with a proper stop loss, and tighten up on your exit. Practice hitting your first target and get out.
Great start to the week. Celebrate. Spend Nov and Dec back testing your model to get ready for my FOMO challenge in January
I anticipated for price to rally to the buy side liquidity/FVG to set up for a short. I was looking for shorts today.
Price sets up taking the 3 buy side targets /FVG reaching the clean equal highs on the .618 level. Anticipating for a short price consolidated and 5:03 breaks the structure. I did go in at 1.05620 however too small a stop loss and kicked me out. I went back in with the equal lows and the top of the dealing range which also lined up with the .618 level for TP target. I did not get greedy to see if it would sweep the clean equal lows, but I felt I reached my OG target and exited at 1.05640-.618 level.
Take away notes-trust the .618 levels. Next time tighter entry on entering on the .618, with a proper stop loss, and tighten up on your exit. Practice hitting your first target and get out.
Great start to the week. Celebrate. Spend Nov and Dec back testing your model to get ready for my FOMO challenge in January
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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.