On October 17 and 18 2023 I posted on social media, @AidanFX , “EURUSD: Expecting for bulls/buyers to attack the weak structure high and break above to the liquidity level and to the supply/next area of interest zone. Let’s see what it does in the rest of the trading week.” and “EURUSD: Will be looking to buy dips against 1.05225 stop loss for another push higher towards the 1.06 handle.”
EURUSD 4 Hour Chart October 17 2023
EURUSD 4 Hour Chart October 18 2023 (Entry)
EURUSD 4 Hour Chart October 23 2023 (Target HIT)
Buy trade entered at 1.05355 with with a tight 13 pip stop loss at 1.05225 and on October 23 2023 EURUSD moved higher to the proposed 1:10 Risk/Reward target (1.06655) where the trade was closed for +130 pips. (10% 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. We at EWF never say we are always right. No market service provider can forecast markets with 100% accuracy. Only thing we at EWF 100%, is that we are RIGHT more than we are WRONG.
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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