Trade Compass Approach
Market Context for Euro Futures Today, 20 Feb 2025
Trade Execution
Short Entry Orders:
✅ Weighted Average Entry Price: 1.0462 ✅ Total Position Size: 6 contracts (Adjust as per your risk tolerance)
Stop Loss: 1.0493 (for full position)Take Profit Target: 1.0280Risk-to-Reward Ratio: 5.80
? If all orders are filled and the first take profit target is reached, move the stop loss to breakeven and hold 50% of the position for a swing short.
In addition to the final take profit target, we are incorporating insights from the Trade Compass approach, which focuses on value areas, key price levels, liquidity pools, point of controls, and VWAPs. This approach helps traders manage risk and secure profits in stages rather than waiting for an all-or-nothing move. Traders enjoying a profitable short should keep an eye on the following partial profit targets:
1.03955 – Value Area High of February 7th.1.03720 – Just above the Value Area High of February 12th.1.03525 – Just above the Value Area High of February 4th and slightly above the VWAP close of February 11th.1.03095 – Just above the Value Area High of February 3rd.Additionally, the suggested exit prices are placed just above reaction levels to account for minor slippage and price fluctuations. Use this as a guideline, a second opinion, and incorporate it into your own strategy with indicators and time frames.
Key Takeaways
? Bearish Bias: Short at key resistance zones with calculated risk. ? Disciplined Trade Management: No stop loss on early entries; final stop placed above 1.0493. ? Profit Optimization: Secure partial gains at the suggested key levels and adjust stops accordingly. That's why we start with 6 units at a case if and where we filled all entries to the short position, and have more depth to partially exit within the profit taking prices mentioned.
? TRADE AT YOUR OWN RISK – Adjust position sizing based on individual risk tolerance and account size. This is not financial advice. Use this analysis as an orientation and make informed decisions accordingly. Visit ForexLive.com for additional views.
This article was written by Itai Levitan at www.forexlive.com. Read More Details
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