Short

EURUSD A1 Short B Grade Idea

The markets have been very slow these past few trading weeks, and this is the first good A1 entry I've seen in a while. The only knock on this trade is that it was still inside the Asia Range, which can cause the pair to range until it breaks out in either direction. This trade moved over 2R and broke out of the Asia range to the downside, but came back up off yesterday's low. I didn't take this trade but if I had I would've been out before price reversed because my trading plan for a B grade setup requires I close 50% of the trade at 1.5R and move my SL to break even, that way I can't lose. My final profit target on any setup is 2R where I would've been fully out of the trade.

tjbate

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