Yesterday we saw a drop on EURUSD and price breaking below the previous low.
That confirms the downside move.
We're now expecting another drop heading down to 1,1630.
This idea is only valid as long as price doesn't break above 1,1755 and that's where you should have your SL.
Once the downside continuation begins and we see price breaking below 1,1680, then we can move our stops to breakeven.
That way reducing the risk on a trade will give us the opportunity to look for other positions as well.
They could be additional entries on EURUSD or any other potential setup.
Success in trading is being able to control your emotions and properly manage your risk. In this case, being patient for an entry and reducing the risk as well.
That confirms the downside move.
We're now expecting another drop heading down to 1,1630.
This idea is only valid as long as price doesn't break above 1,1755 and that's where you should have your SL.
Once the downside continuation begins and we see price breaking below 1,1680, then we can move our stops to breakeven.
That way reducing the risk on a trade will give us the opportunity to look for other positions as well.
They could be additional entries on EURUSD or any other potential setup.
Success in trading is being able to control your emotions and properly manage your risk. In this case, being patient for an entry and reducing the risk as well.
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
