DislikedHi,
EU week 35:
I see a good potential for a breakout move this week.
Looking at last week close, and Friday high-low.
Always be prepared with Plan A , and that fails have your Plan B for turnaound trading when one direction fails.
Think of money management strategy ...scaling-in and scaling out...build up positions...plan your exits ahead.
Good Trading week ahead!Ignored
Here is my update for EU.
Today will be the day for the breakout trade.
I am confident this pair will be profitable this week and close August month.
It is up to us as traders to do our job and perform well.
Note: Last monday 20 Aug was also an Inside Bar setup but that setup direction was less difficult to pick the direction correctly the first attempt.
This week' Day IB will pose some difficulty to pick the breakout direction the first time. But if we watch carefully the candlestick pattern and understand the underlying market psychology behind each candlestick and put weight on each pattern, we can get it 'right the first time'.
DO NOT "Just Do It"
BUT "Do It Right the First Time"
Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett