EUR Grouping-Looking for longs
تم تحديثه
EURCAD, EURNZD, and EURCHF have my attention premarket. EUR has a +4 strength going into market open so I wait to see if an entry signal appears. Look at the structure and flow to determine weakest links which so far are the currency pairs listed.
تم فتح الصفقة
EURCHF long opened. Going for 30 pips which puts us in the gap if we can get there.ملاحظة
While waiting for EURCHF, I took some GBP trades to hedge as I felt strength in GBP and figured one or the other would move. I just didn't like the structure of GBP as much, but peeled my thought process back to the most pertinent things I need to see so I took the trade. Trading is a bit of gut instinct especially when correlating different pairs as it takes time to get a feel for it. ملاحظة
EURGBP- If trading EUR or GBP pairs, learn to look at it and understand positioning. Might we head for those equal lows? Maybe, although EURGBP has a bullish structure to it, it has bearish positioning. Could go either way as EURGBP rarely heads in a straight line. ملاحظة
Long on EURCAD. So long on EURCAD and EURCHFملاحظة
EURUSD is hitting the target I wanted to hit yesterday. The idea was right, timing was wrong that is why we are in a constant state of adjustment lol. ملاحظة
Sure does look like EURGBP wants to run those equal lows. أغلقت الصفقة: تم الوصول للهدف
Ching Chinnnnnnnng. While EUR wasn't the strongest group, it was a safe group to take trades in since the power structure was a +4 . GBP is mopping the floor with EUR and everything else but usually when GBP move, it will bring EUR with it since they are correlated even though EUR is getting hammered by GBP at the moment. Much like AUD/NZD and USD/CAD. Geographical location does have an impact. Anyway, both targets reached for 60 pips. ملاحظة
Just as a post analysis on EURCAD, look at the equal high structure. Notice how when price came up to it the first time it only ran the bodies not the wicks, thus creating equal highs that were just ran out. Always do pre and post analysis of your trades. ملاحظة
Also of note, EUR futures Contracts. We just ran 1.00000 Whole number. So now what happens with price? Is it going to bounce and turn or power through? We shall see. ملاحظة
This is why I go for 30 pips at a time. ملاحظة
Last trade hit. Total of 70 pips earned on EUR today.ملاحظة
To close this out, 4 pairs gave out long profit today on EUR. Much better trading today than yesterday so it's nice to be back on track.
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