EURUSD Long Fakeout Trade
EURUSD Long Fakeout Trade
We went below Previous Day Low to grab liquidity and then returned above.
Stop Loss 10 pips below the wick: 1.11016
Take Profit: 1.11299
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
*Important news for EURUSD today at 11:00 am and 4 pm*
We went below Previous Day Low to grab liquidity and then returned above.
Stop Loss 10 pips below the wick: 1.11016
Take Profit: 1.11299
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
*Important news for EURUSD today at 11:00 am and 4 pm*
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.
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.