Trade #1: Sell Eur/Usd
Opening Notes: Dollar showing some strength across majors and Euro showing weakness.
Reasons for Trade:
Opening Notes: Dollar showing some strength across majors and Euro showing weakness.
Reasons for Trade:
- · 15 minute/4 hr macd down
- · 15 minute & 4hr 5/8 ema down
- · In downtrend in low time-frame
- ·Dollar strong across most majors. Oil down for the day
- ·In on 38.2% retracement region of entire down move and to identified resistance level and test of 15 minute 5 ema and
Entry Time: 4:19
Entry Price: 1.3961(2)
Profit Target: 1.3865(0) (Daily S1, Hourly 200 EMA are
Stop Target: 1.3999(0)
Risk Reward = 1:3
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Exit Notes: Continuation from yesterday further consolidation. Dollar remains EXTREMELY neutral trading again around London session open price. As correlation broke, I closed trade manually. Possibly US GDP and new home sales news has traders on the sidelines for now. Market is chop-suey!
Exit Price: 1.3999(3)
Exit Time: 5:46
Result: - 38.1 pips
Pips This Week: - 14.8 pips
Pips This Month: 281.7 pips