Title: EURUSD Day Trading Overview: Key Insights and Setups from May to June 2025
By Cory Mitchell, CMT | Originally published on TradeThatSwing.com
This article provides a detailed examination of EURUSD day trading activity from mid-May through June 2025. Based on research and firsthand trading notes from technical analyst Cory Mitchell, CMT, the report offers valuable guidance for traders looking to understand recent market behavior and refine their strategies. All trades adhere to a disciplined day trading method focusing on price action, with trades taken between approximately 8:30 AM and 11:00 AM EST.
All times mentioned in this summary are in Eastern Standard Time (EST), and charts used are 1-minute intervals. Each day’s trades are documented for consistency and transparency, along with insights into why trades were or were not taken based on pattern quality and risk-reward assessments.
Overview of the Trading Strategy
Mitchell’s approach to day trading the EURUSD includes:
– Trading between 8:30 AM and 11:00 AM EST
– Using only high-quality price action patterns, specifically:
– Breakouts
– Pullbacks
– Trend Continuation Patterns (TC)
– Risk and reward are always assessed before a trade is taken
– Trades are only taken when market conditions align closely with a defined set of criteria
– Each trading day’s activity is thoroughly reviewed, including setups ignored due to failed qualifications
Trading Review: May 20 to June 7, 2025
The following is a breakdown of notable trades and patterns identified each trading day during this period. These insights are useful for evaluating real-time decision-making as well as for training purposes.
May 20, 2025
– Context: The trading day began with limited volatility.
– Trades Taken:
– One small loss taken after a failed breakout pattern later in the session.
– Missed Opportunities:
– Early trends were untradable due to lack of confirming pullbacks or consolidation.
May 21, 2025
– Overall Trend: Bullish momentum in the early trading session.
– Trades Taken:
– Two long trades captured during the uptrend with good reward-to-risk setups.
– One loss occurred when price reversed sharply after entry.
– Key Patterns:
– Pullbacks during the uptrend offered solid entries.
– Lessons:
– Always consider switching momentum when multiple large down candles emerge consecutively.
May 22, 2025
– Trend Characteristic: Choppy session with mixed signals.
– Trades Taken:
– No trades taken due to inconsistent patterns and technician criteria not met.
– Evaluation:
– In these conditions, staying out of the market protected capital.
– Discipline rewarded by avoiding low-quality entries.
May 23, 2025
– Market Behavior: Bearish start followed by a sideways range.
– Trades Taken:
– One breakout trade short side, which hit profit target quickly.
– A second trade attempted a continuation that failed and resulted in a small loss.
– Noteworthy Observation:
– Avoid taking continuation trades when the market enters a low volatility phase.
– Emphasis placed on time of day: later trades past 10:30 AM tend to be riskier.
May 27, 2025
– U.S. Holiday (Memorial Day): Markets were slower due to anticipated lower volume.
– Trades Taken:
– One trade taken early on but exited early due to lack of follow-through.
– Trade Management Tips:
– During holidays or lower volume sessions, reduce position size or stay sidelined.
May 28, 2025
– Conditions: Clear bearish trend with minor occasional pullbacks.
– Trades Taken:
– Two successful short trades following sharp breakdowns from consolidation areas.
– Key Patterns Observed:
– Flag patterns and descending triangle-style consolidations were frequent.
– Entries were taken upon breakout of the lower support after tight consolidation.
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