$EURUSD - End Of London Buy - Odd Displacement candle

I try to keep my trading to a minimum and only during certain times. At the end of London is one of them and though I failed my EURUSD call last night, It was my fault for not checking the calendar on the financial status of the euro's interesr rate, I believe it was. As it was coming down just around London close I noticed an odd candle at the perfect spot I like to trad with a fib and decided I this should be a buy scenario.

So A buy it is but we'll just have to monitor where I'll be taking profit along the way

Note

Take Profit

Trade active

I only took 5% of my lots at 5 pips because it did hit the bottom of an order block type candle and I wanted to bank something, even if it was just 5% of my lots on a short order.

Still have 95% of my lots to play with.

Note

1.21400 is my next TP zone for 50% of my lots

Note

Took 10% of my lots as it crossed the 50% fib line and also reduced my S/L to 1.21095

Note

Holding off on scaling any more lot sizes as there seems to be no resistance in price action as this moves along but will update if needed.

Trade closed: target reached

42 pip win

BodiesXWix

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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BodiesXWix

You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.

Also on: