EU - GU - GJ TRO SETUP TRADES

[monarch]

2pm (EST) E/U forms # 3 on 15 min bar

2:15pm 15 min bar sets up reversal

2:30pm Price breaks 1.4966 for Long Entry

2:45pm Target @ 1.4975 reached +7 pips

[monarch]

Here is the chart showing trade setup.

Cheers,

Monarch

[monarch]

EU 4 Hour Chart

Let's see if these buy zones come into play during Asia Session.

[monarch]

GU
5:15 pm (EST) 15 min bar rejected the move down
5:30 pm same high
5:45 pm same high with 1 minute till new hourly

I will Long on the break of those two high candles @ 1.6609

Target @ 1.6624
Stop Break Below 1.6599

Update:
6pm opens and for the 4th 15 min candle price taps the 1.6609

[monarch]

Long triggered on GU after the 6pm 15 min candle opened.

In at 1.6609 with target and stop as seen on chart.

[monarch]

Price stalled here before the Asia open, I was on the phone and not really watching it closely, I would have preferred closing that trade when price went below my entry at 1.6609, but didn't.

Will see how it treats me here the next few.

Stop is still in below the 1.5699 break

Update: Stopped out, I knew that exit at entry point was key, remind me never to answer the phone when in a trade just before a session opens. lol

All is good, some go and some don't.

Will now watch for next setup.

[monarch]

8:08 am (EST)
GU Short (5 min candle)

GU formed a #3 on the 15 min and it was a double tap at the Daily High
I waited for the stall under that high area and took a short at 1.6584

Exit +7

Waiting for the news here now, and then when it gives a signal, I will trade once again.

Cheers.

[monarch]

EU has pushed the daily high up a few pips, watching for stall pattern

GU coming back into the daily high zone now.

[monarch]

After EU pressed the daily a few pips higher, it has found itself back in the zone.

1.4975 was the entry short line, I got in at 1.4974 and price stopped.

I will exit with my +7 or a failure on a top break.

New hour coming 9am (EST)

[monarch]

The 9am candle opened and up she goes, price is flirting with daily high here.

Update: Price tapped high at 1.4988 and stalled again, short still in.