EUR/USD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATES
Updated
Pay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile + EW
Expecting a drop off of the Fibonacci zone
My entry will be the next 30m bear trend candle to form in the fibonacci area.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
The analysis is made based on order flow using volume profile + EW
Expecting a drop off of the Fibonacci zone
My entry will be the next 30m bear trend candle to form in the fibonacci area.
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Comment
the 0.618 just got broken through - the 0.786 remains as the last potential turning pointComment
seems like we are getting a rejection at the 0.786 level - remember i need to see a 30m bear trend candle before i enter
RSI is also overbought as a sidenote
Comment
there's a head and shoulders on the 5m which could trigger the selloffSell stop order set @ 1.1695
Comment
target set @ 1.1678Trade closed: target reached
target hit in an instant +17 pips profitsee you again tomorrow - trade safe
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