$EURUSD - False Break Out Coming
Updated
What I believe is depicted in the graph. Convince the retailers to buy during the London session while it runs into a bearish order block, there will be an abrupt turn around and price to head below the equal lows to trigger the retail sell stops. The probably a pull back and take those sell stops out at their stop losses. Then the continuation sell. The continuation sell will most likely happen around 6-8 a.m. CST. I would enter short anywhere between 1.17720 and 1.17900 and aim for 1.17250-1.17200. Hopefully Lower.
Comment
Take Profit now.Comment
My trade I held from yesterday, plus the addition of another position after I called my trade. Took profit at 1.1.7350.Comment
Closing the 3 positions from yesterday at 1.17390 entirely, leaving the most recent open. So that's 19.3 pips and 15.3 Pips, on the earliest position in profit. 28.5 and 24.5 pips from the second position. 26.5 and 30.5 pips from the third position. Plus 39 pips profit from take profit one on the newest position. That's a total of 183.6 pips from 4 positions and taking two different set's of profits. Current trade running as I've moved my SL to BE.
Trade closed: target reached
Closed Trade fully AT 1.17345
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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