2d • General discussion
EURUSD - 08.07.26
Took 2 trades today, both on EU.
Both hit SL. 🤦♂️
-2%
Trade idea
Starting with DXY:
DXY took the buy-side liquidity marked on the chart and tapped into a daily supply zone, which gave a strong bearish reaction. After that, I waited for a pullback into the 1H/15M supply zone that was created during the move down, looking for a possible sell continuation depending on how EU and GU reacted at the time.
On EU, price swept a major sell-side liquidity level (Monday's low) and tapped into a 15M extreme demand zone. It reacted strongly from there, created an MSS to the upside, and I waited for the pullback into the 15M demand zone that formed during that impulsive move.
At the same time, DXY was approaching its respective 15M supply zone I mentioned above, so everything was lining up. I already had my limit order sitting there.
Unfortunately, right after my limit got triggered, price made a sharp move , which I believe was caused by Trump's announcement about no ceasefire in Iran. The market reacted aggressively, and my first trade got stopped out.
After that, I waited for more clarity. EU quickly pushed higher again, printed another MSS, and since DXY was still in position, I decided to give EU a second chance. I entered on the pullback... and that trade also hit SL.
The painful part? Right after stopping me out, price went straight to my original TP. 😂
Lesson
The biggest mistake I made today was being too focused on EU.
I really should've been paying more attention to GU. Looking back, GU was clearly the stronger pair today. If I'd taken the same idea on GU instead of EU, it would've smashed TP.
It is what it is. Onto the next one. 💪
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EURUSD - 08.07.26
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