DAILY TRADE SETUP

Eurusd is rejecting from the lower boundary of the ascending channel, I entered a buy trade from that level with invalidation below the lows of the channel

Eurusd is rejecting from the lower boundary of the ascending channel, I entered a buy trade from that level with invalidation below the lows of the channel

My entry in lower than that

My EU buy is still trading around my entry

I'm still waiting for price to get to my entry

Eurusd formed a double bottom inside the ascending channel which signals a reversal, still holding my buy position

bro give it up, price is going down

My entry in lower than that

That was just a sweep manh price will reverse again , today is NFP I will be waiting for NFP

Eurusd formed a double bottom inside the ascending channel which signals a reversal, still holding my buy position

you're still holding the buy open?

How did this go?

I don't trust patterns much on 5mins, and I like to see them form at solid zones in HTF if I want to use them on LTF. The 5mins flip zone does not align with a higher timeframe base zone that's why it couldn't hold it for long. I would have rather looked for sells from 1.1252 with SL 1.1257 and targeted 1.1232 since price had invalidated the immediate bullish channel.

The one you draw was still valid, but I wouldn't have paid attention to it. because of the opposing resistance level (entry) that was above the support level.

How did this go?

I don't trust patterns much on 5mins, and I like to see them form at solid zones in HTF if I want to use them on LTF. The 5mins flip zone does not align with a higher timeframe base zone that's why it couldn't hold it for long. I would have rather looked for sells from 1.1252 with SL 1.1257 and targeted 1.1232 since price had invalidated the immediate bullish channel.

The one you draw was still valid, but I wouldn't have paid attention to it. because of the opposing resistance level (entry) that was above the support level.

Price should have taken you out by now

bro give it up, price is going down

I held and NFP help me price went back to my level and made 40$ out of the trade

That's good. At least you made profit out of it.
I'm having a short setup on EURUSD
Entry: 1.1305
SL: 1.1323
TP: 1.1215

Reason: The buys is just an ease of pressure on dollar and EUR is still weak, so I'm not convinced the buys will hold for long.

Price is showing some rejection on Eurusd, I won't rush into buys yet I will wait for a good rejection and breakout on a lower timeframe then I will buy