Multi-Time Frame Trade Management- EURUSD
Jan 4rd
1. I took a long trade
Entry Price: 1.09110
Stop Loss Entry: 1.08500
Take Profit: Follow the trend on the 15m support zones for stop loss management
Risk Management Plan:
I have reduced down to half.
Current Stop loss: 1.08800
Waiting for a break of structure to the upside to move take profit to the next area of interest or value.
1. See 15m for trade management.
1. Price to the left has a momentum candle with a large fair value gap (I hate that term). All A fair value gap is a impulse down with no market support or resistance... So when price goes to these areas there is less resistance so price moves easier through them. Its like swimming in a calm lake than hitting a river and you fly through the water...
2. Or I will look for short trades if the bearish trend at Purple 3 is broken is broken with momentum and convictions to the down side. Lower probability of trade due to the 4h ibos being a stronger zone.
1. I took a long trade
Entry Price: 1.09110
Stop Loss Entry: 1.08500
Take Profit: Follow the trend on the 15m support zones for stop loss management
Risk Management Plan:
I have reduced down to half.
Current Stop loss: 1.08800
Waiting for a break of structure to the upside to move take profit to the next area of interest or value.
1. See 15m for trade management.
1. Price to the left has a momentum candle with a large fair value gap (I hate that term). All A fair value gap is a impulse down with no market support or resistance... So when price goes to these areas there is less resistance so price moves easier through them. Its like swimming in a calm lake than hitting a river and you fly through the water...
2. Or I will look for short trades if the bearish trend at Purple 3 is broken is broken with momentum and convictions to the down side. Lower probability of trade due to the 4h ibos being a stronger zone.