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Personal Point Of View: While there is a strong trend in the DXY, when analyzing the Euro side, we can see that the same trend might break. If our job is to take risks, I want to take the risk and make a trade in the direction where the trend could reverse. Particularly, the quick recovery of yesterday's drop and London's expansionary opening give me confidence.
My trigger for entering the trade will be this: the gaining of 1.088 and its retest. If I receive the reactions I am looking for, I plan to jump into the trade with a tight stop.
Keep In Mind: On every chart, you should have invalidation and setup activation conditions. Without these, you can produce as many scenarios as you want.
Read First ❗ Follow me to understand the context of the market and improve your market reading with the right technical analysis methods.
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance.
Personal Point Of View: While there is a strong trend in the DXY, when analyzing the Euro side, we can see that the same trend might break. If our job is to take risks, I want to take the risk and make a trade in the direction where the trend could reverse. Particularly, the quick recovery of yesterday's drop and London's expansionary opening give me confidence.
My trigger for entering the trade will be this: the gaining of 1.088 and its retest. If I receive the reactions I am looking for, I plan to jump into the trade with a tight stop.
Keep In Mind: On every chart, you should have invalidation and setup activation conditions. Without these, you can produce as many scenarios as you want.
Read First ❗ Follow me to understand the context of the market and improve your market reading with the right technical analysis methods.
Important : Please Use RM (Risk Management) and MM (Money Management) If You Decide To Use My Ideas, There Will Always Be Unprofitable Ideas, This Will Definitely Happen, The Goal Of The System Is That There Will Be More Profitable Ideas At A Distance.