Disclaimer: This is my personal trading journal entry, not financial advice.
EUR/USD – 1H Long Setup
Bias: Bullish, supported by DXY showing bearish structure (Lower Highs & Lower Lows).
Entry Plan:
Limit order set at 0.618–0.65 fib retracement zone, aligning with AVWAP and 50 EMA.
Additional confluence from NPOC and prior support zone.
SL placed below 0.786 fib and FVG, under the 200 EMA for extra protection.
Target set at Previous Weekly High (PWH), giving ~3.29R.
Risk Management:
If price hasn’t triggered before 1:30 PM news release tomorrow, trade will be cancelled to avoid volatility risk.
If triggered before news, plan is to move SL to BE at +1R or consider partial profit booking.
Confluences:
Fibonacci 0.618 retracement
AVWAP
50 EMA & 200 EMA
FVG & NPOC levels
Support/resistance alignment
EUR/USD – 1H Long Setup
Bias: Bullish, supported by DXY showing bearish structure (Lower Highs & Lower Lows).
Entry Plan:
Limit order set at 0.618–0.65 fib retracement zone, aligning with AVWAP and 50 EMA.
Additional confluence from NPOC and prior support zone.
SL placed below 0.786 fib and FVG, under the 200 EMA for extra protection.
Target set at Previous Weekly High (PWH), giving ~3.29R.
Risk Management:
If price hasn’t triggered before 1:30 PM news release tomorrow, trade will be cancelled to avoid volatility risk.
If triggered before news, plan is to move SL to BE at +1R or consider partial profit booking.
Confluences:
Fibonacci 0.618 retracement
AVWAP
50 EMA & 200 EMA
FVG & NPOC levels
Support/resistance alignment
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.