EUR/USD Beginner Level trading
I have closed my long for 20 pips profit
That’s a good one
After i exited price started dropping what we just saw was a long green climax bar. After a climax bar forms, if the next candle that forms is an opposite one, it is a danger signal thats why I exited. However, price is still bullish till it closes below 862.
Price was unable to close below 862 so we still see a bullish market, howver I am not trading again as I am done for the day.
Price is rallying, massive up trend.
Price just took out the weekly high I showed you the other time, i believe there will be some level of retracement before the buys continue.
The US dollar crossed the 1.2000 mark yesterday and this is an all-time high
I just took a long trade and I am up 20 pips already, I am going to adjust my stop loss to break even and allow the trade to run.
Eurusd is generally bullish , so it’s advisable to keep looking for buy opportunities.
For me, I am waiting for a candle closure above that zone I marked on 4hrs to be confident that the buys has started. A candle closure above that zone signifies a break of structure to the upside. I got my eyes also on it.
Eurusd is generally bullish , so it’s advisable to keep looking for buy opportunities.
For me, I am waiting for a candle closure above that zone I marked on 4hrs to be confident that the buys has started. A candle closure above that zone signifies a break of structure to the upside. I got my eyes also on it.
Okay sounds great but why did you mark that zone? what is the rationale behind it?
Okay sounds great but why did you mark that zone? what is the rationale behind it?
Based on the SLk strategy I trade. When a daily candle rejects and close at a particular daily keylevel, I need to see a breakout to the direction I want on the 4hr timeframe. The model of the two timeframe is timeframe alignment.
I closed my longs profitably when the first red candle started forming and I have switched to shorting with 10 pip stop loss.
