EURUSD H4 – Follow-up trade +160Pips

2015-11-09 19_13_29-EURUSD,H4

This is a follow-up trade of previous EURUSD analysis. Price with high volume bars has broken lower line of ascending triangle (this is a good sign of genuine break-out). Later we had a weak signal (supply) near this line and price continued to fall.

  1. At the time of entry background was weak
  2. Weak signal (Supply) before trend changed
  3. Dynamic trend turned from green to red
  4. Entry in a low spread bar while the price didn’t move too far.
  5. Exit immediately after strong signal (Demand).

Total: + 160 Pips


Write a Comment

Fields with * are required