EURUSD Short 16.8.22
Nice move yesterday in EU and GU.
Good to see price moving the way we called it.
2 trade ideas for today.
Scalp idea: trade 1. If we get stopped out of trade 1. wait for price to retrace more to trigger trade 2 in.
100% of your allocated risk/trade on this trade
Weekly trade objective: Trade 2.
reduce risk to 75% of your allocated risk per trade. Since now we are down for the day.
25% of allocated risk/trade for entry 1
50% of allocated risk/trade for entry 2
What would void this trade?
if price went for the circled low first.
We look for another entry.
Plan your risk and trade position sizes accordingly.
This is not trade advice, just an opinion on the markets.
Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Good to see price moving the way we called it.
2 trade ideas for today.
Scalp idea: trade 1. If we get stopped out of trade 1. wait for price to retrace more to trigger trade 2 in.
100% of your allocated risk/trade on this trade
Weekly trade objective: Trade 2.
reduce risk to 75% of your allocated risk per trade. Since now we are down for the day.
25% of allocated risk/trade for entry 1
50% of allocated risk/trade for entry 2
What would void this trade?
if price went for the circled low first.
We look for another entry.
Plan your risk and trade position sizes accordingly.
This is not trade advice, just an opinion on the markets.
Trading can lead to excessive losses and complete loss of one's equity if not managed properly.
Note
Nice to see the circled low is still intact. Trade 1 still active.
Order cancelled
Look for next trade idea. updated based on where price has moved. still an EU short
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.
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.