It's been a while since I tried this before (a total fiasco for that matter) but I am going to try daytrading EUR/USD again. I will be using the 15M and 30M charts mainly for that. I'll be using 1H chart on occasion too but more for context. I'll be using daily chart for context. I am using pure price action with the exception of 1 indicator: ema20. I will be trading from 08:00 till 17:30 CET. I will be having 1 trade most of the time, two trades at most every day. I might however add to the first trade if I see right setups developing. I won't be adding to the second trade however.
At this moment I have a long bias for eur/usd. So I will be looking for long setups on monday. I will take profit on those @1.1840.
We should break 1.1811 in the Asian session to get us to 1.1840. Let's see with a bit of more than an hour to go.
Nothing much has changed as we start the Frankfurt-London session: still looking for long setups however I will be taking my profits at 1.1811 since that level couldn't be broken in the Asian session.
EURUSD looks strong, especially with ECB coming this week. Anticipation of tapering... I will only have a long bias and look for points to add to this