Hmmm... I have both buy and sell signals on EU at present, both sides of the market could be played with some low risk trades, it would be a more aggressive style of trading and getting any positions to break even as quickly as possible, would require more work and management than normal especially in the run up to what is likely a huge NFP session..
For now,...
Good morning all.. I have a few areas that I am currently observing to look for shorts on GU.. Depending on the time that price might come into these areas I will have some alerts set as opposed to any limit orders for today..
I am mindful that we will have NFP being released in 3 and a half hours from now and with all the current economic dramas and varying...
Taking a short from the first point of interest on AN.. Although price does have more room to move higher, the trade idea meets my initial requirements to take a low risk position. I do have a sell limit in place already.
Entry: 1.09819
SL: 1.09928
Feel free to share any thoughts or ideas about AUDNZD.
Have a low risk sell limit to catch a short from a supply zone. First trade of the new month so lets see how it goes ;-)
Entry: 1.38377
SL: 1.38504
TP: Is always adjustable, initially I set at a 3:1 risk to reward, mainly to capture profits when away from the platform for long periods of time, otherwise I use manual trade management techniques to manage open...
Good morning gang, just marking up some potential areas that i'll be keeping an eye on, if price pushes up will look to find possible low risk short positions based on the time it enters.. These are the type of trades I like to take, but as I write this, I can see price is dropping a little more, there is a chance that these zones will be left open for the time...
Looking to scale in to some EU shorts when price revisits above the 1.08200 level. Depending on the time this takes place I will be looking to refine an entry setup using one of a few different price action playbook entries that I use fairly often.
This will either be set on a limit order or market execution.
Looking at finding a short if price can pullback up to around the 1.2850 level. This trade idea is based off my knowledge of supply and demand concepts, price action and precision entry concepts that I use.
Will look to refine a trade entry based on when price arrives at the point of interest.
Potentially looking for GU sells from the highlighted area at around 1.2720 aiming to get down to around 1.2620. Waiting for price action into NY session to show signs of weakness.
