Back to all Ideas

EURUSD LONG

by Matthew B, September 12, 2022

EUR/USD H1 Box/Order Block, level to level

by Matthew Bond September 12, 2022

5
Share

EUR/USD

|

Long

|

H1

Timeframe:

H1

Analysis Method:

Box/Order Block, level to level

Analysis:

Struggling to find consistency trading fx. So i am running my stock trading box system for the rest of the challenge. Not sure how it will play on the long run but battle tested with stocks.

Price has broken out of my order block and closed above the weekly level to the upside. Waited for a pull back into the weekly/daily level. RSI above 50 & below 70.

Trade Plan:

Box Strategy

Risk Management:

0.50% – Stop loss within the box below my potential path of least resistance level.
Take Profit – target just below the 4H level (GOLD)

Things To Watch For:

no immediate road blocks. If price closes below and retest the weekly level. price could push down. Also watch the SMA for short term trend changes. 50 SMA coincides with the Stop loss

LEAVE YOUR COMMENT HERE:

View previous comment

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly