EURUSD is in position to Fall!

30 ott 2023

As price has reached premium prices, retracing 50+%, I am on the lookout for a reversal pattern.
When price sweeps LQ from the buyside or sellside, usually it goes in the opposite direction.
As I am bearish overall, I am looking for the HTF resumption of the overall trend, which is bearish.

Agree or disagree?
Leave a comment or question, and I will be happy to respond.

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31 ott 2023

Nota

The market gave a 28 pip reaction to the lower FVG, then surged up to fill it ... and head to the higher one.
There is a OB right above it. I am looking for it to hold. IF so, then I get my sell setup. If not, that high will be swept fo LQ.
It continues to form the Bear Flag on the HTFs.
With FOMC and NFP coming Wed and Fri, market makers could potentially take this old high before dumping.
Fundamentals seem to lean toward USD strength. The HTF structure is bearish. So I am looking for sell setups.
We'll watch the price action and see what the market gives us.
Caution on buying this market. Stick to lower TFs if you do. This is a heavy news week that can potentially reverse a market.

31 ott 2023

Trade chiuso: obiettivo raggiunto

EURUSD
4H:
This was slightly more aggressive (risk entry) than I normally take, but one I would take again.
The mitigation of the OB, the reaction from it, the sweep of LQ, the filling of the D1 FVGs, and the overall trend... were in place.
Stopped worrying about sniper entries a good while ago.

If you were able to get in on this one, leave a comment for me!