EURUSD is currently around 1.16078, but my planned entry is lower around 1.16000.
There's a reason for that.
Entering here would mean chasing the move and accepting a worse R:R. I'd rather see price retrace into the POI and give me the entry I planned.
Missed trades cost nothing.
New month, same rules.
I'm not interested in recovering previous losses with oversized positions or forcing setups.
EURUSD has presented a structure I like, so I've mapped out my entry, stop loss and target.
Now the market decides whether I get filled.
Execution > excitement.
Every analysis needs an invalidation point.
For this setup, sustained bearish movement through 1.15919 would invalidate the immediate bullish idea I'm trading.
Until then, I'm interested in seeing whether the 1.16000 POI can support another bullish expansion toward the highs.
My current EURUSD outlook remains bullish based on the structure visible on the 30-minute chart.
The liquidity sweep followed by bullish BOS gives me the directional confirmation. Now I'm waiting for mitigation into the marked area.
EURUSD BUY
Entry: 1.16000
Stop Loss: 1.15919
Take Profit: 1.16251
R:R: ~1:3.1
No guarantees, no chasing. Just a predefined setup with predefined risk.
Hope sp cos I have a bullish position that had been in draw down for days now
I got stopped out. The retracement on EURUSD is over. I will be looking to sell from there
EURUSD BUY SETUP 📈
Starting the new month with EURUSD on my watchlist.
Price has already delivered a bullish BOS, confirming the shift in short-term order flow. I'm now looking for price to retrace into my POI before continuing higher.
SL: 1.15919
TP: 1.16251
Patience now. I don't need to chase price.
EURUSD- a double bottom confirmation at the 1.1573 price level is what will give me conviction that price is ready to buy.
While price is still confined to the bearish channel, I won't be looking for any buys until it is invalidated.
I had a missed entry on EURUSD today after i took a loss on the buys, the sell limit i plaaced was missed by few pips
