EURUSD - Chart - Trade Plan - Daily Outlook - 3-20-2018
EU just broke the minor support at 2257 and closed they day lower. So now I will focus on the next support at 2154, if it breaks this level, there is still room for the next bigger fib support at 2055 imo.
For the upside, the minor resistance would be at 2357, breaks there, EU will rally up to many resistance levels at 2412, 2445 and the bigger one at 2555.
Last week, I was long at 2266, very good entry level against the 2269 support but ended up too early caused the week ended at the same with my entry.
This week, I got 2 short pending orders at 2337 and 2354, first one triggered but I decided to get out with -14 pips loss at 2351 caused the 1h/4h closed above 2337(my minor resistance). I thought EU will go higher after 2337 broken but EU gave strong drop down this morning has changed my mind that it is still favor the downside, so I canceled my long pending at 2295 "I have made a great decision :)". I booked profit for my short(2355) at 2309 too early for +46 pips.
Now, my plan will be short this pairs, my pending short will be near 23ish, just below or right above this level with target near 2154.
WARNING: I could hold up to 3-6 positions(200-400 pips DD) for scalping , 4-10 positions(400-600 pips DD) for medium and long term trade AND ALL COMBINED EQUAL OR LESS THAN 3% of my account.
So far since I moved to Steamit I have the record for my live trade:
Steamit - EURUSD - 2018 : [(25+53)+(14)+(52)+(-2)+(-42)+(-20)+(23+14)+(-6)+(14)+(72)+(82)+(10)+(26)+(-14)+(46] = +347 pips.
Thank you for your support, upvote and retreem!
Good luck with your trades !
This is my personal view, hope this can help your trading idea.