A wonderful way to start the trading week! There were lots of trades that set up during the UK session. The EUR is usually my first choice – if all things are equal. After testing the Asian session low and pulling back somewhat gently, our trade set up. With a stop just above the pullback high and a greater than 4:1 reward to risk ratio to our Target 2…(meeting our 3:1 RR minimum), we enter short. Price pushes through yesterday’s low and pulls back briefly before plunging through our Targets 1 & 2 in the same candle. We close the trade as the candle is about to close…delighted to start the week with such a nice trade.
Take what the market offers and don’t be greedy.
Back tomorrow.
