GOOD EVENING STEEMIT!
Remember yesterday's EUR/USD bull flag? Yeahh… I may have jumped the gun a bit here.
With my stop just below that higher time frame horizontal zone, price is immediately flirting with my stop without any sign of the US Dollar weakness that I was playing for.
I want to now take a look at the DXY and have a look at the bounce that burnt me, starting off with the daily chart:
DXY Daily
That 20 pip zone between 93.00 and 93.20.
Fucker.
See price poked its head through the DXY flag with things looking rosey when I posted the EUR/USD trade last night, but we just couldn’t get through that level.
EUR/USD Hourly
My EUR/USD long is alive because my initial positions in any trade always sees my stop placed below the higher time frame level (the arrow). Wait for the momentum to be confirmed to add into the position with tighter stops to really pick up the risk:reward.
Not the finest piece of trading I've executed lately... Hope you can take something out of it none the less.
Peace.
Related 
CHART ART Blogs
CHART ART BlogsIf chart setups that I've spoken about before are related out then I'll leave them here.
CHART ART: EUR/USD Bull Flag Breaking Out?
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