On July 17 2024, our members got the Asia update chart on EURUSD calling for the instrument to dip lower which would then be followed with a move higher. EURUSD was currently in bullish sequence and our charts clearly shows and advises for members to not sell and instead look for buys.
EURUSD Elliott Wave Asia Update July 17 2024
EURUSD 15 Minute Chart July 17 2024 (Entry)
Posted the buy entry on social media @AidainFX July 17 2024. Price swept the Asia low grabbing liquidity and fuelling the upside. Price also tapped the 4 Hour FVG (Fair Value Gap) and reacted with a bounce higher signalling this zone had buyers/bulls waiting. Entered the BUY trade at 1.0899 with a 5 pip tight stop loss at 1.0894. EURUSD moved higher and tagged the 1:5RR target at 1.0924 where I closed the trade for +25 pips +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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