Short

EURUSD Outlook 10/9

By akhena10fx

Updated

Bearish on EU this week, possible early buy opportunity, annotations on chart.

Note

EU long trade, I dont love trading early monday NY, will probably be done for the day if this doesn't hold, plenty of buyside to target, working under the assumption that london low is low of day, and price will want to mirror sellside run below the weekly open at least one standard deviation above open price.

Trade active

Tapped in, trade active. let's see what new york brings.

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Completely slipped my mind today was a bank holiday, will probably exit this early or take loss.

Trade active

Im out early if this reverses.

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Aiming for a much humbler profit target due to bank holiday.

Trade closed: target reached

Boom. It aint much, but its honest work.

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Conservative approach was correct decision as price pretty much returned to entry.

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Still bullish early on EU.

Trade active

Tapped in.

Trade closed: stop reached

SL'd

might try again from 1HR FVG

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Lol, super frustrating but such is the game we play. give it more room next time.

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Long on EU if we get a significant retracement. lets see what FOMC brings.

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Will I get tapped in? will I get taken out? will the market leave without me?

Find out next time on What Will The Market Do Next?!?

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jokes aside you have to be sure in your analysis and comfortable with all outcomes. If not you are in no place to be engaging with the market. No single trade is significant. It is your performance over cumulative trades that matters.

Trade active

Tapped into EU

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Small reaction, holding into tomorrow SL BE

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Incredible from EU. 2nd TP level not hit, however I closed all my positions at the first TP. as I ha a feeling it was unlikely to complete. However I always utilize an 80/20 approach when taking profit. You want to be majority out at your first high probability target.

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Took some losses on GU, trying one more short on EU as my bearish bias hasn't changed.

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likely last trade for this week.

Trade active

Tapped in

Trade closed: stop reached

Not my best week to be honest. Back again next week.

Trade active

I entered one more time after news cleared out the liqudity (that included my first position)

Will be more restrained next week with my initial entries especially around news.

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Moving my SL to BE

Trade active

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Hindsight is always 20-20. End of week review helps to provide clarity on what may be setting up for the new week ahead.

akhena10fx

Let the algo show you its hand.

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