HUGE Reward Potential Setup on EURUSD
The price action algorithm has given us a juicy looking setup on EURUSD for a nice intraday play of 100+ pips.
Based on my previous experience in the market, EURUSD has given a point of interest that I am willing to enter on if I see the right price action once price reaches into this area.
I need to see price action discrepancies before entering alerting me that this could be the point in which the market is turning around.
If I don't see price action showing signs of exhaustion and absorption, I will not be entering this move.
If you decided to enter this trade, never risk more than what you can stomach losing.
The name of the game is capital preservation, not getting rich overnight.
I keep my risk small and my rewards extremely high on every setup.
Because of the high reward and low risk, my accuracy is low but when a trade does hit, it recuperates all lost capital and bestows profits.
This is why a high risk to reward level is imperative for long term success.
Based on my previous experience in the market, EURUSD has given a point of interest that I am willing to enter on if I see the right price action once price reaches into this area.
I need to see price action discrepancies before entering alerting me that this could be the point in which the market is turning around.
If I don't see price action showing signs of exhaustion and absorption, I will not be entering this move.
If you decided to enter this trade, never risk more than what you can stomach losing.
The name of the game is capital preservation, not getting rich overnight.
I keep my risk small and my rewards extremely high on every setup.
Because of the high reward and low risk, my accuracy is low but when a trade does hit, it recuperates all lost capital and bestows profits.
This is why a high risk to reward level is imperative for long term success.
Seeking mentorship?
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Join The Hyena Hut and learn exactly how I approach the charts. Contact me on Instagram if you have any questions :)
Penafian
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