EURUSD long trade on 10/4/25
Pre-Analysis:
- Both daily and H4 timeframe was on uptrend. The idea was to wait for pullback and time a buy entry should it continue in uptrend.
- Strength meter in daily: EUR = +5, USD = -2. For H4: EUR = +4, USD = -2.
- Risk $10
- Take profit plan, consider to take at previous high.
- News release consideration was on US CPI data (release on 10/4 8:30pm)
Entry:
- Entry time 3:33pm (London session)
- Immediate strength meter
Post Analysis:
- Consider as good entry and execution, time it perfectly.
- Only able to extract 1.7R profit only.
- Possible max profit at the end of week is 10R, as price reach as high as 1.14742
- While entry was good but I leave huge money on the table.
- I exited my position due to fear that I will loose those 1.7R profit should price reverse back.
- Should I consider to wait for break of new high before considering taking profit?.
- Fear because of my previous trade turn against me after hitting some 2R profit while I am considering to target breakout to a new
high level.
- Taking profits also need to be master.
- Update (22/4/25)