Potential long EURUSD wave from highlighted levels

Orange lines - daily wave, classic ABC continuation
Green/Red lines - h1 exhaustion trading levels for the daily C point
Magenta lines - m15 exhaustion trading levels for low time-frame reactions

1.1765 is the last h1 model driven reversal point for the current daily wave down. It is also closely related to a 0.236 retracement of the previous daily wave up.
A 1.1700 test can occur but it is not a requirement for a valid long signal which should occur in the next 48 hours.
An h1 extreme candle is also about to be confirmed.
If you follow the forex chat room we post some of the low time-frame entries we take using a rule based approach in order to generate risk-free trades as soon as possible.

تعليق:

h1 extreme candle and m15 position building level
signals pending - attempt 2

تم فتح الصفقة:

valid h1 signal printed for attempt 2

تعليق:

2 positions @ 1% account equity each, sl more or less 100 pips per position

تعليق:

After some additional consideration, 2 position @1% each sets up the risk too high. Sitting on +30 now, reducing the risk profile to 2 h1 positions @ 0.5% each. An alternate course of action would be setting the SL for one position to BE - however this action will reduce the risk to 1%, while the 1st option reduces the risk from 1% (100 pips) to 0.7% (70 pips).

تعليق:

1-1 RR should be the BE point but early BE here based on m15
risk free trades are a bit more relaxing

تعليق:

1-1 RR hit for 100 pips
tp1 should be 2-1 RR but you guys can't take it from here

تعليق:

you guys CAN* take it from here :)

أغلقت الصفقة: تم الوصول للهدف:

position 1 is done, 1.75-1RR

تعليق:

updated target for long position 2 into the next short (1847)

تعليق:

clearer chart

تعليق:

final version with updated m15 reversal level
300 pips is ok for pos 2 with 3-1RR

أغلقت الصفقة: تم الوصول للهدف

تعليق:

Outcome: 475 pips on 2 positions, account return 3*0.5%+1.75*0.5%=2.375%

تعليق:

تعليق:

تعليق:

sorry for the error double post
long reaction levels

تعليق:

1612 inflection

تعليق:

1580 continuation

تعليق:

continuation position

تعليق:

over 1-1RR close to +80
tp continuation ok

تعليق:

continuation position 2

تعليق:

risk management, partial profit continuation 2

تعليق:

small 1641 continuation today, long side essentially loaded up, no chasing beyond this point

تعليق:

long partial profit taking level

تعليق:

looking for partial risk continuation 3 1665

تعليق:

profit taking level 2, entering short setup territory
final h1 tp -> short 1830-1837

تعليق:

updated forecast from the short setup territory

تعليق:

تعليق:

0.25%-0.5% pos

تعليق:

management and partial
i keep getting my work erased...