EURUSD Going in...

Key Level, price hit a hard stop, going in long, target 1.114, hedge out below around 1.095. Trade is active

Trade active

Market entry at 1.09849

Note

Getting a good response from the 1.0965 level. The .**6 levels se to be consistent with this pair as strong both ways. Grid trading levels I'm pretty sure, but I don't have the data to back that claim
.. it is however very consistent at each level with acknowledgement. Trend line is off the extremes of the consolidation moving up, I don't expect the price to take off right away but it's possible the hedge gets hit, in which case I'll just need to manage between balanced and long to keep it under control, with a try for a breakeven off a top later, long game trade juggling if that happens, but won't stack up with multiple positions, just manage the balance of position direction.

Note

Price is just hanging around the entry just below it, for the swap just dragging the hedge down and once retail reopens I'll put it back in place to avoid a spread trap on the hedge order

Note

Hedge deleted, trade is risk free, stop at 1.09943 and just holding

Note

Raising the stop to 1.10260, in case this becomes a triple top

Note

Stop to 1.104, watching a steep trend line on the 15, once it breaks expecting a bit of a pull back for another entry

Note

If we get a little above 1.106, higher shouldn't be much issue from there

Trade closed: stop reached

+56 pips, trend line is broken so expecting a small pullback. It drops a lot, I will be suspicious of changing bias, but still currently thinking long, just a fight past the top, and next push breaks it

ForexStoryteller

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.

ForexStoryteller