This weekend our analysis is EURUSD will make a new structure low.
Trigger for entry:
1) Retracement @38.2
2) Area is within previous support area
3) Barbybar analysis after a series of color rotation, a big red bar, strong momentum appeared signaling for an invitation to entry.
SL- just about the 38.2 this is a tight stop loss
TP- area around 1.1300
Trade management:
We will move to break even when price reach +30pts or when the price reach the previous NSL level
Then we will locked in profits when new structure was made, that's when new resistance structure is made.
No comments:
Post a Comment