EUR/USD Beginner Level trading

I entered the market at price 1.08324

To protect my position from excessive losses I place my Stop Loss at 1.08384

I also place my Take Profit at 1.08294

I'm about to short the EUR/USD meaning I'm about to enter the market by clicking on the SELL button

Why am i doing this? I think EUR/USD exchange rate will fall so i want to profit from the fall.

You can see the price is falling because red candles are going down

I am also using some help from a technical indicator called Bollinger Bands look closely & you will see three lines on the charts.

Candles moving around the top Bollinger band means EUR/USD is oversold and price may soon start falling & this indicates i can profit from the fall

This is why i opened a SELL order. let's see if I'm right

Sell when candle stick comes down

Just went long with 5 pip SL

This is the sessions chart. Normally, in the week, you would test 1600 (1598), some time today or in this week, because that is the important break of Monday for London & NY sessions.

Just went long with 5 pip SL

Good morning, please what timeframe is this?

It is the hourly of the London & NY sessions (most liquid hours). It is easier to get the weekly sessions view that way.

Monday trend has been important for many weeks now. Clear break of its high 1620 would be a buy on pullbacks. But right now, it looks like it is sell. Normally, you would get a pullback to key low of 1600 (Monday London & NY low, plus close of most liquid hours around that), then sell.

My assumption for this session was trade between 74 & 98. Although the options volume is high today, which normally indicates a trending day. It was conflicting, so I was trading 1/3rd the lot size. Bet high on high conviction setups.

movement is looking so nice

movement is looking so nice

Asian session has been marked out with a yellow box, waiting for price to break out of the yellow box then I make a decision

The Frankfurt session just started by 7 am UTC+1 here and I have again marked out the high and low of the Pre-Frankfurt hour

Price has broken out of the Asian range/yellow box so typically Ii will look for a reversal back into the range for buys or a rejection at the edge of the yellow box for sells

From the London session map for previous days, I can see price is trying to reject at this key support level. If it forms a bullish engulfing I may consider buying from there.

The rejection has happened leaving a bullish engulfing pattern in its trail, so I have taken a buy trade with 5 pip SL.