My 15M EURUSD Long Trade Idea: A Mechanical Approach
Updated
In the fascinating world of forex trading, sometimes we stumble upon setups that almost seem too compelling to pass up. Today, on the 15-minute chart of EURUSD, I encountered just such a scenario:
Typically, I've found such setups more reliable on higher timeframes. However, the confluence of these factors on the 15M chart was too striking to ignore. Interestingly, I took this trade mechanically, devoid of the usual emotional tumult - a rare and somewhat disconcerting experience for any trader.
Now, the ball is in the market's court to validate this trade. As always, while the setup seems promising, the outcome lies in the ever-unpredictable hands of the market. Let's see how this unfolds.
- Rejection of Order Block: The pair showed a clear rejection of a key order block, a classic sign of potential reversal.
- Bullish Pinbar Candle: A bullish pinbar formation followed, further hinting at a potential upward move.
- Medium - High Volume: This move was supported by medium to high volume, adding credibility to the bullish signal.
- Divergence between Price Action and Volume Spread: A notable divergence between the price action and volume spread provided additional confirmation of the setup.
Typically, I've found such setups more reliable on higher timeframes. However, the confluence of these factors on the 15M chart was too striking to ignore. Interestingly, I took this trade mechanically, devoid of the usual emotional tumult - a rare and somewhat disconcerting experience for any trader.
Now, the ball is in the market's court to validate this trade. As always, while the setup seems promising, the outcome lies in the ever-unpredictable hands of the market. Let's see how this unfolds.
Trade active
Trade closed: stop reached
Trailing Stop reached :I always forget to set my TP on the nearest OrderBlock , instead i set it to the swing high, which is quite far.
I need to improve my flexibility on lower time frame.. 1.5RR would still be great when scalping
Note
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