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EURUSD Long Fakeout Trade
EURUSD Long Fakeout Trade
We closed below Previous Day High and then returned above.
Stop Loss 10 pips below the wick: 1.11672
Take Profit: 1.11988
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
*No important news for EURUSD today*
We closed below Previous Day High and then returned above.
Stop Loss 10 pips below the wick: 1.11672
Take Profit: 1.11988
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
*No important news for EURUSD today*
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