On July 3 2024 I posted on social media @AidanFX the EURUSD 15 minute buy setup chart. The pair shifted to a bullish uptrend price action pattern CHoCH/Change of Character followed with a BOS/Break of structure. EURUSD entered the 1 hour bullish breaker block zone (Gray) and the 15 minute bullish demand zone (Green) where buyers/bulls were waiting to enter the market. Added confirmation the pair would push higher was the bullish AMD pattern/Accumulation (Blue), Manipulation (Pink), Distribution (Yellow).
EURUSD 15 Minute Chart July 3 2024 (Entry)
EURUSD 15 Minute Chart July 3 2024 (1:5 RR Target HIT. LONG position closed +5%)
Entered the BUY trade July 3 2024 at 1.0737 with a 14 pip stop loss at 1.0723. EURUSD moved higher and ran through the proposed 1:2RR target and continued to push higher to hit the 1:5RR target where I closed the BUY trade for +70 pips and a +5% 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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