EURUSD has been in a down trend for over a year now. There is a hig probability that there will be a next leg down. I entered at market near the moving average and resistance zone and placed a stop loss order above today's high. Tomorrow the CPI report will come out. I might get out of the trade before it comes out. If I do not get out then I hope to trade all the way to the next S&R area for about 2R profit or even further to the next level for a 5R profit.
Please take care of the CPI report tomorrow!
Here is my entry in the Samurai Trading Log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-09 EURUSD Short With trend Down Horizontal Resistance Pin Bar Market
Please take care of the CPI report tomorrow!
Here is my entry in the Samurai Trading Log:
Date Pair Direction Trade Trend Level Signal Entry
2019-05-09 EURUSD Short With trend Down Horizontal Resistance Pin Bar Market