Short Term EURUSD Buy
Updated
This is a short term long taken in the EURUSD market. Further analysis is located in the attached note.
Comment
This trade was stopped out by 3 pips. Once price hit the stop loss, it turned higher to what would have been the profit target. This suggests that the demand level may have not been as fresh as originally thought given price had to go lower before turning higher. This is a good reminder that entry positions should be as tight as possible, given that sudden moves in the market, and their degree, are dictated by the imbalance of supply and demand.
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