Hello everyone! This post is covering the Market Commentary for EURUSD using Pure Price Action Technical Analysis.
Please remember that we want the candle body to close above or below the new defined range for validation to enter the trade. Avoid getting caught in a trade with some of those wicked wicks!
Also, remember to set your trailing stop around 25-50 pips (using previous support resistance will give you best results). Majority of these trades reach 50 or more pips, but protect your profit in case the trade turns around.
SL is set at the opposite side of the new defined range.
New Defined Range D1:
1.197349 – 1.189339
Target Levels:
Long: 1.200402 – 1.207261
Short: 1.185384 – 1.174370
Cheers to another successful week!
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