1. Took this long position during NY session
2. Price had bounced off from 200EMA from last
week's Fed Chair Powell speech and 1 of my
long position was stopped out due to this.
3. Break out of structure in the higher TF
down to hourly was seen in before placing this trade
4. TP is placed in our Daily highs. Stop was also move
to breakeven.
5. Also note that there will be a major impact news on USD that could bring
lots of volatility in the market. So if you took the same position,
place your SL to breakeven for a risk free trade.
3.22RR
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2. Price had bounced off from 200EMA from last
week's Fed Chair Powell speech and 1 of my
long position was stopped out due to this.
3. Break out of structure in the higher TF
down to hourly was seen in before placing this trade
4. TP is placed in our Daily highs. Stop was also move
to breakeven.
5. Also note that there will be a major impact news on USD that could bring
lots of volatility in the market. So if you took the same position,
place your SL to breakeven for a risk free trade.
3.22RR
HELLO, TRADERS! IF YOU LIKE THIS ANALYSIS, PLEASE LEAVE A LIKE AND FOLLOW MY CHANNEL AND LET ME KNOW YOUR THOUGHTS BY COMMENTING DOWN BELOW.