On June 19 2024 I posted on social media @AidanFX the EURUSD SELL setup chart. The pair entered the 4 hour bearish zone (Blue/FVG/Fair Value Gap) and reacted with a push lower. Price then returned back into the zone, entered the 15 minute supply zone (Gray) and showed a clear visible resistance in this zone which signalled the sell entry. More confirmation EURUSD would push lower was the GBPUSD correlation divergence where GBPUSD broke above the June 18 2024 high and EURUSD did not. This divergence was another major signal to enter sells.
EURUSD 15 Minute Chart June 19 2024 (Entry)
EURUSD 15 Minute Chart June 20 2024 (Targets HIT / Trade Closed)
Entered the SELL trade June 19 2024 at 1.0743 with a 10 pip stop loss at 1.0753. EURUSD moved lower to the proposed targets. On June 20 2024 1:4RR target at 1.0703 hits and is where I closed the sell trade for +40 pips and a +4% 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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