It had been quite some time that no intraday trade for EurUsd due to workload. Travelling again during mid November to China.
Look at the price, it was trading above the kumo cloud.
1. Tenkan-sen cut below the jikun-sen while above the cloud. The first signal to signal to initiated a short trade if any one wanted to. After a price period trade below tenkan-sen, intiated a short position while the price traded into the cloud.
2. The first profit taking zone. Closed out partial postion after reaching first target profit zone. also closed partial position from candle stick patterns. When the tenkan sen cut above the jikun sen, closed out partial position again.
3. The second profit taking zone. Price continued to trade lower. Closed out partial position after reaching second target profit zone.
4. Technical exit zone: Tenkan-sen cut above the jikun-sen while below the kumo cloud. First signal of warning that price could reverse. Closed out partial position when price traded to below the cloud. All remaining position closed out when price traded above the cloud.
Called it a day.
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