When DXY is making higher highs, why is EURUSD breaking the strong correlation and trying to go higher? ==> It's a TRAP for buyers!
When price comes back to the marked zone, trapped buyers will exit - giving us a beautiful SHORT trade.
Look for the monthly liquidity to get raided as a target!
Risk management
1) Reduce 50% at 1R => Trade becomes risk free
2) Reduce further 25% at 2R AND move SL to break-even
3) Close trade at 3R
4) Winner = 1.75R
When price comes back to the marked zone, trapped buyers will exit - giving us a beautiful SHORT trade.
Look for the monthly liquidity to get raided as a target!
Risk management
1) Reduce 50% at 1R => Trade becomes risk free
2) Reduce further 25% at 2R AND move SL to break-even
3) Close trade at 3R
4) Winner = 1.75R
Trade active
Trade ONTrade closed: stop reached
Trade didn't work out. It was a fakeout in both directions.
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.
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.