Going to be shorting EURUSD.
Confirmation:
1. Closing below 4HR Resistance of @1.21400 getting rejected and believing before it goes up we must hit the demand zone which would be @1.20500 before New HIGHS.
2. Broken 1Hour Support @1.21255 and rejected it as new resistance afterwards. (I should have waited for a double rejection to have a higher probability before shorting.) #Slight Mistake probably will cost me
CONS:
1. Trading against the overall Trend. (DAILY TREND)
2. BOTH EMA's on the 4HR (9&21) has crossed showing signs of bulls are in the trade now.
3. Bounced off all 4HR EMA Ribbons all 6.
Note: Stop loss is pretty large and hoping to at least secure a Take profit 2 due to the fact that market is closing tomorrow. If price closes below @1.21000 I will be making my trade risk because that is support + RW 1:1.
1% risk for 2.88% Reward
Confirmation:
1. Closing below 4HR Resistance of @1.21400 getting rejected and believing before it goes up we must hit the demand zone which would be @1.20500 before New HIGHS.
2. Broken 1Hour Support @1.21255 and rejected it as new resistance afterwards. (I should have waited for a double rejection to have a higher probability before shorting.) #Slight Mistake probably will cost me
CONS:
1. Trading against the overall Trend. (DAILY TREND)
2. BOTH EMA's on the 4HR (9&21) has crossed showing signs of bulls are in the trade now.
3. Bounced off all 4HR EMA Ribbons all 6.
Note: Stop loss is pretty large and hoping to at least secure a Take profit 2 due to the fact that market is closing tomorrow. If price closes below @1.21000 I will be making my trade risk because that is support + RW 1:1.
1% risk for 2.88% Reward
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.