February 19 2021 EURUSD Close the gap

19 févr. 2021

EURUSD

Weekly time frame is showing a gap between this week and last week. After a very bullish price action, prices are starting to range in between the close and the high of last week. Considering that today is the last day of the week. Prices are more toward to ranging. If prices manage to close the gap then that will confirm that the unsustainable bullish price action is finished in my current thesis of price and that prices will be ready to go higher again at the very least to the height of the range. Now a limit order near the close of last week's bar. However depending on price action will be ready to get long or stay flat and just simply wait for the next week.

19 févr. 2021

Transaction en cours

Limit order hit. Will decide whether to exit early or stay in trade on the following price action

19 févr. 2021

Note

Near 50 percent retracement line. Might have a sudden move down to / near entry price if prices just keep on ranging.

19 févr. 2021

Note

price ranging a little below initial target. Depending on how price action reacts a choice to exit or further the target take profit price.

19 févr. 2021

Trade fermée manuellement

Nearing the end of the session and trading day. Prices almost reached target and dropped down to entry price. the 3 bar range near the target in a trading range should've been a sign to exit with profits. However kept long for a chance of the recontinuation of the bull trend. That was not the case and had to exit for a small win near entry price.