EURUSD peaked in Asia, but I only saw it an hour before LDN Open. I entered based on the retrace to a 4H trap with a confluence of the falling Daily 21 EMA (yellow MA). I required a 41 pips stop due to missing the entry several hours earlier and targeted 2R.
The trade experienced zero heat (5 pips maximum against me) and worked its way down. The 60m shows a seller trap which supported the mkt after it dropped 50 pips in favor. At first I saw that as an inconsequential pause-point, but when it held the mkt for 5 hours it worried me a little.
A glance at the EUR group saw a mixed bag. Mainly EURCAD was wedging instead of providing some leadership. I elected to exit for +44. My timing was flawless (kidding) as the market dropped 20 pips immediately after I jumped off reaching my +80 pips target soon after.
Summary: +1.1R
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