Eurusd
Updated
Hello everyone:
Traders,
💢It's better to trade by planning your decisions and entering the market at the right time.
👉Remove emotions from the equation ... Uncontrolled emotions are one of the key reasons traders abandon their trading plan and fail to achieve the outcome .
📊Investing is about building wealth over the long term, so it's important to avoid a short-term trading mentality and to continue to invest over time.
⭕️The trade buy cheap and sell expensive is a fundamental concept in trading.
In order to be able to trade markets we need to be able to understand where the price is and where it will go to next.
⭕️ Higher time frames:
-where price is coming from and going to?
✔️It is coming from1.1275 and price is in a downtrend .
Now a correction is on place.
Where were the decisions made?
✔️ A decision was made at 1.07823
⭕️ Conclusion:
We look for a sell set up on this chart:
📈 best possible sell zone is 1.089
📉best possible buy zone: will update later.
✒ we look for confluence of our zone and check to put our stop loss beyond1.08955
✒ We look for target at 1.083 and 1.07655
💥Determining how much of your capital you can risk per trade depends on your total trading account size and experience. Many traders use a 1-3% risk.
🔥 like ,share and put your valued feedbacks🔥
Cheers!❤️
Note
One minute chart :Note
To learn price action,look at price movement between key lvls:20 pip in profit ,you can move sl to a better point.
Good luck
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