On September 24 2024 I posted on social media @AidanFX the EURUSD BUY entry with the 1 hour chart. The chart illustrated for traders that the pair tapped into a bullish demand zone (Gray box) and reacted with a move higher. Price also tapped into a daily bullish zone (Blue box) and formed a bullish divergence pattern (Blue) in these bullish zones. After price reacted higher from these zones and when price retraced back into these zones is when I squeezed the BUY/LONG trigger with confidence.
EURUSD 1 Hour Chart September 24 2024 (Entry)
EURUSD 1 Hour Chart September 25 2024 (Targets HIT)
Buy trade entered on September 24 2024 at 1.1112 with stop loss at 1.1082. EURUSD moves higher to the proposed targets and on September 25 2024 the 1:3RR target at 1.1202 hits and is where I closed the buy trade for +90 pips and a +3% 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 higher.
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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