EUR/USD Beginner Level trading

Looks like a buy opportunity to me. Price is reversing back towards the Asian range. TP should be at 1.1850 where todays eurusd option barrier is seated.

Going as planned, the play is for NY to push towards the expiries at 850

TP is nearly reached so trade can be closed as a new London session wil start very soon and it may erase any gains.

Buy opportunity on eurusd

I am projecting a sell here. I am not taking the trade though, i will just keep an eye on it.

stoploss pips is 11pips

I think it is still bullish for now, but if price closes below the red mark around 786, a sell could be possible

I later executed this sell trade. I will post the results of the trade later. Wish me luck 🤣

The market is volatile so hope your stop loss is far away 😂

Its necessary

The trade ended in loss

I am bullish on eurusd because of the option orders stacked between 1.1850 and 1.1900. Infact the one at 1.1900 is the biggest, valued at 3.7 billion euros so we should see the 900 level act as a magnet to price during London

I just took some buy trades with 10 pip SL. My profit target is 1.1900

I have closed my buys with around 13 pips profit. Price moved toward the option barrier at 1.1900 like i expected

However, I am still not happy with the way I traded today. My first trades failed, but the subsequent ones were successful. My first trade was a sell around 1.1835 but my SL was hit so I immediately checked the option expiry report for today and noticed the big option worth 3.7 billion euros was sitting at 1.1900. So I switched my bias to buy. I took around 10 buy trades but was stopped out because I placed my stop loss to close to my entry. When this happened I increased the lot size to 0.05 and took two extra buy trades, placed a 20 pip stop loss and they were profitable. Overall i am down around N4,500 today.

There is a breakout to the downside on the daily timeframe, i am expecting price to tap into that breakout level before selling. I am actually looking forward to the sells cos it will be massive.

There is a breakout to the downside on the daily timeframe, i am expecting price to tap into that breakout level before selling. I am actually looking forward to the sells cos it will be massive.

Interesting, for me I have not built a bias yet. I am still studying the technicals in ront of me. I will make my decision known within the next 30 minutes when the Frankfurt session starts.

Alright, i will definitely be on the lookout for it.

I just took a buy trade during pre-franky with 7 pip SL and my sights on 1.1910 level where the option barrier is seated.

Price actually went up to 1.1900 and then reversed and stopped me out. I will look to reenter again