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EURUSD NXT POSSIBLE MOVE

by farah a, November 14, 2021

EUR/USD D1 WAVES

by farah abdullahi November 14, 2021

2
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EUR/USD

|

Long

|

D1

Timeframe:

D1

Analysis Method:

WAVES

Analysis:

EURUSD IS ABOUT TO COMPLETE THE SIDEWAYS CORRECTION CYCLE THAT STARTED BACK IN JAN 2021 AND ITS ALREADY PLAYING IN THE EXTREME AREA WHERE IT NEEDS TO FIND A SUPPORT AREA TO THE UPSIDE
IAM EXPECTING THE PAIR TO MAKE AT LEAST ONE MORE LW TO COMPLETE THE CYCLE THAT STARTED ON 29 OCT BEFORE THE BIG MOVE TO THE UPSIDE

Trade Plan:

ANY SELL SETUP IS TOO RISK UNLESS YOU SCALP

Risk Management:

BEFORE YOU TAKE THE TRADE KEEP IN YOUR MIND YIN AND YANG IS A CONCEPT OF DUALISM DON`T EXPECT ONLY WIN SO NEVER RISK MORE THAN 1% OF YOUR TOTAL EQUITY ON ANY TRADE
DON`T RISK MORE THAN YOU CAN AFFORD TO LOSS

Things To Watch For:

IF THE PAIR PLAYS OUT THIS WEEK AS A CORRECTION TO THE UPSIDE THEN ONE MORE NEW LOW IS EXPECTED
ANY SELL SETUP WILL IGNORE IT

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