Categories
Charts, Levels and Strategizing

EURUSD: Week of 9 October 2023

See weekly chart of EURUSD below for the discussion that follows.

EURUSD formed a hammer this past week (weekly chart) on a major support level. I’m looking for a retrace into the tail / wick of the hammer to get a better entry to go long.

Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.

On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.

Thanks for reading.