[Intraday Trade] EURUSD to upside with scaling in
Updated
Analysis had already been done yesterday for both EU & DXY (for details review linked ideas). This is just the ongoing result of those ideas.
We finally got the impulse as DXY has been losing strength. DXY is currently consolidating but hopefully we get another impulse down to push my trades further up.
I sent multiple updates about the big H&S (for details review linked ideas) and then the small one being created on the last drive down. The measured move of the small H&S has already played out. If the big one plays out, the payout is going to be huge.
I entered the first trade, with my original targets. The second trade was entered with my standard TPs.
The second trade was entered late as my strategy gave a late signal. But its all good as long as this continues up.
Just a reminder COT data shows alot of longs so normally this trade is with the smart money.
Keeping my fingers crossed for smoother DXY price action to the downside for continuation of this trade.
Trade Safe!
HEET
ps. Aside from this trade, I am also in GU, GJ & UCAD which have all hit TP1 and are now risk free.
We finally got the impulse as DXY has been losing strength. DXY is currently consolidating but hopefully we get another impulse down to push my trades further up.
I sent multiple updates about the big H&S (for details review linked ideas) and then the small one being created on the last drive down. The measured move of the small H&S has already played out. If the big one plays out, the payout is going to be huge.
I entered the first trade, with my original targets. The second trade was entered with my standard TPs.
The second trade was entered late as my strategy gave a late signal. But its all good as long as this continues up.
Just a reminder COT data shows alot of longs so normally this trade is with the smart money.
Keeping my fingers crossed for smoother DXY price action to the downside for continuation of this trade.
Trade Safe!
HEET
ps. Aside from this trade, I am also in GU, GJ & UCAD which have all hit TP1 and are now risk free.
Note
DXY is consolidating within an order block. Really need it to break this order block for EU to continue up. Note
Nice break below the order block. Initial pullback but hopefully it can continue downwards. GU TP4 Hit
GJ TP2 Hit
EU TP1 Hit (2nd trade)
ECAD TP1 Hit
Note
Again focusing on the DXY chart. Now consolidating in a new order block. Hopefully this can break down and continue further. I am still looking for larger profits. GU TP4 Hit
GJ TP3 Hit
EU TP1 Hit
ECAD TP1 Hit
The measured move is still 150 pips below this new order block.
Trade closed manually
I closed out all open positions. Although I lost quite a bit by holding on to the retracement, still in good profits. it is what it is.
We will get em next time.
BTW, I just learned something new today. cTrader trade copier doesn't take into account TPs. It will only takes the profit/loss when the original trade is closed. One of my trades just now hit a TP giving my trading account profit but ended up coming back break even resulting into a loss for my copiers...
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