I set a sell limit order near 1.1460 Because - 1.1465 key level - the price made fake broke of that key level - 1-hour candle close under it - EUR/USD moved up 160% of its daily ATR, after such moves, there can be a pullback. - Risk/reward 1 to 3.
Сделка активна
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Сделка активна
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Move S/L into breakeven. And hold till take profit
Комментарий
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You can reopen Sell My S/L above previus high Use proper risk
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Комментарий
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because of 6 pips the price didn't hit take profit
For me, it is a very sad moment because everything else was great.
how is it possible to make thise setups, without consider the fundamentel to the pair. seem like your support/resistance is working the other way around, have made good money this week, looking at eur/usd as bull, more bull the the last weeks. eur is bound to test 1.15 today.... good luck
Yuriy_Bishko
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@chrislykke, after my Set Up price moved down 60 pips. EUR/USD ATR is 65 pips. I think it was a good catch
chrislykke
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@YuriyBishko, that can be true, but why fight against the main trend, I think its important to make all your followers aware that you are trading against the main trend... I thought the big mantra of all traders was " the trend is your friend". what you are doing is trading pullbacks, thats a different story.
Yuriy_Bishko
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@chrislykke, Price was near key level
Moved up 117 pips - 200% of daily ATR. That was a great signal for a pullback.
@chrislykke, agree! no more selling for EU at least until 1.15 - 1.16
lehlogonolo
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your analysis is spot on, The target is an interesting part for me
khnassiri
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any update please ?
OctaFX_Official
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the market loves to take the money from the weak holders, however, I feel your plan was spot on and the only thing you could change is the SL placement. Though that would ruin your Risk to Reward. Hope you took the trade short today.