EUR/USD 15M Update - As you can see I entered in on this market after price came to penetrate the zone I had marked out above and clear the inefficient structure that was laying below, I am wanting to see this market trade us right the way down now.
To be safe and to make our TP achievable I have set my target just above the last higher TF structural low, this is because in reality if price was to go on to set a new higher TF structural low, it should come lower than the last as this market is trading us bearish.
My SL has been placed just above the Supply zone as it should protect our SL from being hit, on top of this if price was to surpass the zone I have marked out it would invalidate my setup anyways and therefore I wouldn't want to be in on the trade anyway.
Price has shown good results so far and has delivered us with 2RR in total, partials and SL moves could have been taken to alleviate risk take some profit, I however will wait till 3RR before taking a partial.
To be safe and to make our TP achievable I have set my target just above the last higher TF structural low, this is because in reality if price was to go on to set a new higher TF structural low, it should come lower than the last as this market is trading us bearish.
My SL has been placed just above the Supply zone as it should protect our SL from being hit, on top of this if price was to surpass the zone I have marked out it would invalidate my setup anyways and therefore I wouldn't want to be in on the trade anyway.
Price has shown good results so far and has delivered us with 2RR in total, partials and SL moves could have been taken to alleviate risk take some profit, I however will wait till 3RR before taking a partial.
