EURUSD | Ursula aint having it | 1 long scenario

27 paź 2023EURUSD recently took out a S/R level (S/R Level 1) (yellow circle). The level is based on the monthly chart and is also the bottom of a range that was generated before the last downtrend stopped.

Scenario (Orange arrow)
I will take a long if my requirements are met.
Requirements: Price manages to break above S/R Level 2.
Entry: Daily close above S/R Level 2
Invalidation: Price doenst go above S/R Level 2
S-L: After retake of the S/R Level 2 price falls back below it and atleast 2 daily candles closes below
Target: Lower green line (Currently a resistance level which facilitated the current downtrend)


Good luck

Disclaimer:
- My posts are mostly for my own journaling
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3 lis 2023

Komentarz

Price moved above S/R Level 2. Lets see if we get a daily close there

7 lis 2023

Komentarz

Daily close above S/R Level 2. What i dont like is how far price went up from a R:R point of view. I will only enter if price falls goes a bit lower but still stays above S/R Level 2.

8 lis 2023

Zlecenie aktywne

17 lis 2023

Komentarz

Price close to target

24 lis 2023

Transakcja zamknięta: osiągnięto wyznaczony cel

28 lis 2023

Komentarz

Will be uploading soon another trade for EURUSD