EURUSD Pre-London Scalp
Good morning,
-I'll be Taking this trade on grounds that the previous 1H candle closed a strong bulls and slightly above its previous candle's open.
Its on ASSUMPTION that price has found support on there.
-Since the trade is based on assumption and not any logical reason or print of a signal, ill place my stop loss below the low of the previous zone just to be safe.
-If i am right with this one, then price wont go below the previous low. If i am right, price may continue in an uptrend and probably take profit at the touch of the trendline.
-Good luck to you too if you choose to trade my analysis.
-I'll be Taking this trade on grounds that the previous 1H candle closed a strong bulls and slightly above its previous candle's open.
Its on ASSUMPTION that price has found support on there.
-Since the trade is based on assumption and not any logical reason or print of a signal, ill place my stop loss below the low of the previous zone just to be safe.
-If i am right with this one, then price wont go below the previous low. If i am right, price may continue in an uptrend and probably take profit at the touch of the trendline.
-Good luck to you too if you choose to trade my analysis.
Note
-We have more confirmation of an uptrend.
-Consolidation, Break and retest. Ill wait for the break again
Note
This trade was actually a winner
Note
Trade closed manually on touch of the orange zone at 1.08900
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.