EURUSD - Legendary 1.09473! Where Do We Go From Here?
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Once the HTF equilibrium was met, a sharp rejection followed shortly after leaving little to no room for high probability trading set-ups.
There is three price points that i have my scopes dialled into:
T1 (weekly lows) - 1.08716
T2 - (Rejection Block) - 1.08480
T3 - (Weekly NWOG) - 1.08383 - 1.08061
There is three price points that i have my scopes dialled into:
T1 (weekly lows) - 1.08716
T2 - (Rejection Block) - 1.08480
T3 - (Weekly NWOG) - 1.08383 - 1.08061
Trade chiuso: obiettivo raggiunto
Continuous sell-off from Tuesdays open Target 1 of 1.08716 has been met
Trade chiuso: obiettivo raggiunto
Rejection Block, Target 2 of 1.08480 has been metTrade attivo
(Weekly NWOG) - 1.08383 - 1.08061 in the cardsTrade chiuso: obiettivo raggiunto
Upper displacement 1.08383 weekly NWOG has been breached!Personal preference but i have all positions off at the moment and will not be participating in anymore further downside movement as i am satisfied of what the market has given me
Trade chiuso: obiettivo raggiunto
More movement coming from euro in comparison to cable as we have seen the weekly new week opening gap upper displacement attacked. Daily candle body has not closed in this area as of yet but if your currently in a short, it might be wise to take some profits off the table.Overall target of the NWOG has been booked therefore i will be kicking back sipping pina colada on the sunny beach until Tuesday!
Happy weekend guys!
Nota
Cheeky Thursday update!The upper displacement of the weekly NWOG has been respected.
There is a imbalance in price, specifically a SIBI located between Mon-Wed candles which EUR can draw up into.
I will be sitting this out but will be updating once price meets important criteria's
Nota
Bullish doji daily close with buytops being tagged after the weekly upper displacement NWOG was met.Anticipating a lacklustre of liquidity for todays news releases, therefore, aiming for my low hanging fruit is what i would resort to IF i were to trade today.
Dealing range i will study going into the US sessions is : 1.08700 - 1.08284.
Potential for 1.08732 rejection block to be tagged if we do see significant liquidity later
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