Good morning, fellow traders! The recent bullish run of the Dollar has been rather straightforward. However, now we find ourselves in a state of insufficiency, and we've decided to take partial profits on the EUR/USD pair. Our outlook for the week ahead is quite straightforward. Our entries will consist mainly of scalps with durations up to 15 minutes. Today, we have a bearish bias on the EU pair.
We're closely monitoring the 1.06000 Daily Fractal, which appears to be the main structural high. Our swing stop is positioned just behind it, allowing for a bit of extra room to account for any news-related spikes.
At this moment, we've also entered a scalp trade short, securing a 3% profit. The idea for this entry stemmed from Friday's price action and the classic "weekend gap fill and go" scenario. We'll be watching closely to see how market makers manipulate the price.
Our key advice for the week: stay positive, avoid greed when setting stop sizes, and trade stress-free with a logical approach. It's essential to learn from past experiences, especially those weeks when we encountered a few too many stop losses. Let's maintain a clear mindset and ensure that our trades are well-grounded in logic and strategy.
Weekly bias for us is the key level to watch out 1.02000 area. This level often serves as a significant psychological and technical point.
We're closely monitoring the 1.06000 Daily Fractal, which appears to be the main structural high. Our swing stop is positioned just behind it, allowing for a bit of extra room to account for any news-related spikes.
At this moment, we've also entered a scalp trade short, securing a 3% profit. The idea for this entry stemmed from Friday's price action and the classic "weekend gap fill and go" scenario. We'll be watching closely to see how market makers manipulate the price.
Our key advice for the week: stay positive, avoid greed when setting stop sizes, and trade stress-free with a logical approach. It's essential to learn from past experiences, especially those weeks when we encountered a few too many stop losses. Let's maintain a clear mindset and ensure that our trades are well-grounded in logic and strategy.
Weekly bias for us is the key level to watch out 1.02000 area. This level often serves as a significant psychological and technical point.
Daniel P. Fadejev