On November 19 2024 I posted on social media @AidanFX the EURUSD SELL scenario. The pair entered a bearish supply zone (Gray Box) signalling for a move lower. Added bearish/selling confirmation was a bearish divergence market pattern (Red) formed and terminated in the same supply zone. Both combined bearish patterns was enough for me to squeeze the sell trigger with confidence.
EURUSD SELL Scenario Posts November 19 2024
EURUSD 1 Hour Chart November 19 2024 (1st Entry Green)
EURUSD 1 Hour Chart November 20 2024 (2nd Entry Blue)
EURUSD 1 Hour Chart November 21 2024 (Targets HIT / All Trades Closed)
Entered the 1st SELL (Green) trade November 19 2024 at 1.0607 with a 35 pip stop loss at 1.0642. Entered the 2nd SELL (Blue) trade November 20 2024 at 1.0550 with a 20 pip stop loss at 1.0570. On November 21 2024 EURUSD continues lower and the 1:4RR green target hits at 1.0467 where I closed the 1st sell trade for +140 pips. The 1:4RR blue target also gets hit at 1.0470 where I closed the 2nd sell trade for +80 pips for a combined total +220 pips +8% gain (Risking 1% on every trade).
A trader should always have multiple strategies all lined up before entering a trade. Never trade off one simple strategy. When multiple strategies all line up it allows a trader to see a clearer trade setup. If you followed me on social media you too could have caught the EURUSD move lower.
Of course, like any strategy/technique, there will be times when the strategy/technique fails so proper money/risk management should always be used on every trade. Hope you enjoyed this article and follow me on social media for updates and questions> @AidanFX
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