In this chart, I have 3 things that I am focusing for this trade.
1) I am looking for Eurusd to go down lower in order for my entry order to be closer to support 1.08; I prefer to enter near .764 & .886 in order to decrease my risk and increase my profits.
2) Since this is my daily strategy, I will buy into bullish strength and not buy it when it bearish. I like to buy after stophunts have happened. I use Heiken Ashi Daily Chart to see the change from bearish momentum to bullish momentum.
3)Once trade is made, set your take profit and stoploss and walk away from the trade.
1) I am looking for Eurusd to go down lower in order for my entry order to be closer to support 1.08; I prefer to enter near .764 & .886 in order to decrease my risk and increase my profits.
2) Since this is my daily strategy, I will buy into bullish strength and not buy it when it bearish. I like to buy after stophunts have happened. I use Heiken Ashi Daily Chart to see the change from bearish momentum to bullish momentum.
3)Once trade is made, set your take profit and stoploss and walk away from the trade.