NOTE:
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SUMMARY:
The trend is bearish on the Euro against the dollar (EURUSD). Looking for a short entry.
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STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
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DESCRIPTION:
1. Fractal Trend is showing a downtrend (Red background color) on EURUSD.
2. We are waiting for Breakaway Scalper to signal a short entry (red bar color).
3. We are using the built in automated trailing stop on the Breakaway Scalper to lock in profits and limit risk once the short is opened.
4. Recently got a rejection off the bearish order block at R1. Looking at the resistance levels at R1 - R3 for potential resistance if price moves up.
5. Below we are looking at the Bullish orderblock at S1 for support.
We provide charts every day, so Comment, Like, and Follow to help us grow!
SUMMARY:
The trend is bearish on the Euro against the dollar (EURUSD). Looking for a short entry.
---
STRATEGY USED:
Momentum Mover
Trend Confirmation = Fractal Trend
Entry Signal = Breakaway Scalper
Exit Signal = Breakaway Scalper OR Orderblock Mapping
---
DESCRIPTION:
1. Fractal Trend is showing a downtrend (Red background color) on EURUSD.
2. We are waiting for Breakaway Scalper to signal a short entry (red bar color).
3. We are using the built in automated trailing stop on the Breakaway Scalper to lock in profits and limit risk once the short is opened.
4. Recently got a rejection off the bearish order block at R1. Looking at the resistance levels at R1 - R3 for potential resistance if price moves up.
5. Below we are looking at the Bullish orderblock at S1 for support.
Trade active
Breakaway Scalper signaling short soon after we posted this(Red bar color).Using a new level(S1) as a potential take profit target for this move down.
We will see how the Trailing Stop(Yellow line) treats us though on the way down here?
Note
Although price did reach S1, we got stopped out. Note
Just a last update to this before I look over this for some more levels.Good reaction to R1 and S2 overall.
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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.