Hello traders.
I put an entry order in EURUSD and it has tagged already. I'm expecting a correction for more upside. I took this trade just because up move can be whole correction even if it doesn't look like, and if this is the case down move potantial is very big. I'm expecting either weekly down impulse or weekly corredtive structure. This is risky trade, I took it by risking 0.5% of my account instead of 1%
I put an entry order in EURUSD and it has tagged already. I'm expecting a correction for more upside. I took this trade just because up move can be whole correction even if it doesn't look like, and if this is the case down move potantial is very big. I'm expecting either weekly down impulse or weekly corredtive structure. This is risky trade, I took it by risking 0.5% of my account instead of 1%
Note
It was very quick reversal. Still waiting for drop.Note
It was very close to stoploss but it came back without stopped me out. Now, I'm waiting for a correction to take more shot trades.Note
I'm expecting a bigger corrective structure, yet we have break out and the upmove can be whole correction. I'm waiting for 15m flag to take another short trade. Note
Move stoploss to breakeven.Note
Sorry for late update. I closed my trade when it was at the bottom (you can see in my Youtube video) and put an entry order below the bottom with the same stop loss and same lot size.
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Related publications
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.