Hello Traders,
Today morning we took a buy in EURUSD which unfortunately hit SL -1%.
Later we managed to catch 1:5 RR trade as you can see. Why did we buy there? Price reluctant to go below previous low while leaving wicks and creating BOS on M1. Also volume confluence. Our long term bias was bullish before we hit the SL today morning which shifted our view to bearish momentum now. Also, the correlation with the DXY is another supporting factor.
We are now selling at 1.05534. We believe price will drop at least 1.04825 and perhaps even lower.
We sent these trade in our VIP channel too.
Will keep you all posted now
Today morning we took a buy in EURUSD which unfortunately hit SL -1%.
Later we managed to catch 1:5 RR trade as you can see. Why did we buy there? Price reluctant to go below previous low while leaving wicks and creating BOS on M1. Also volume confluence. Our long term bias was bullish before we hit the SL today morning which shifted our view to bearish momentum now. Also, the correlation with the DXY is another supporting factor.
We are now selling at 1.05534. We believe price will drop at least 1.04825 and perhaps even lower.
We sent these trade in our VIP channel too.
Will keep you all posted now
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