EURUSD 1.20540 - 0.07 % LONG IDEA * PRICE ACTION & STRUCTURE
Updated
HEY EVERYONE
Hope everyone is having a good week in the markets this week, Here's a look at the EURO / DOLLAR INTRA- DAY TRADE.
* The pair has respected the descending channel structure to some extent currently trading in a correction from that impulsive move with the
bulls.
* We see the formation of a double bottom at support level 1.20430 possibly signaling a move with the bulls on the HOURLY CHART.
* Looking for a completion of the "W" formation before we see a continuation with the bears
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Hope everyone is having a good week in the markets this week, Here's a look at the EURO / DOLLAR INTRA- DAY TRADE.
* The pair has respected the descending channel structure to some extent currently trading in a correction from that impulsive move with the
bulls.
* We see the formation of a double bottom at support level 1.20430 possibly signaling a move with the bulls on the HOURLY CHART.
* Looking for a completion of the "W" formation before we see a continuation with the bears
* follow your entry rules on entries
* significant moves with the bears change the plan.
* TIGHT SL
lets see how it goes.
AS ALWAYS PROPER RISK MANAGEMENT AND A LOT OF PATIENCE & AGAIN many stars must align with the plan before executing the trade, kindly follow your rules.
HAPPY TRADING EVERYONE & LET YOUR WINS RUN...
_________________________________________________________________________________________________________________________
ENTRY & SL - FOLLOW YOUR RULES
RISK-MANAGEMENT
PERIOD - SWING TRADE
__________________________________________________________________________________________________________________________
If this idea helps with your trading plan kindly leave a like definitely appreciate it.
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