Bearish Sentiment on EURUSD
My eyes are on this EURUSD potential sell setup. The sell is backed by the following confluences as usual which are-
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
So I’m patiently waiting for the retracement to the point of interest. When price gets to it, I’ll head down to a lower timeframe for my entry confirmation ChoCh entry model of a- higher high, higher low,higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll then identify my valid point on the ChoCh that will likely be made up of Supply, Imbalance and liquidity. Where is where my entry will be. To target a 1:3RR as profit target.
Note that the mark is all probabilities which also makes my analysis a probability.
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
So I’m patiently waiting for the retracement to the point of interest. When price gets to it, I’ll head down to a lower timeframe for my entry confirmation ChoCh entry model of a- higher high, higher low,higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll then identify my valid point on the ChoCh that will likely be made up of Supply, Imbalance and liquidity. Where is where my entry will be. To target a 1:3RR as profit target.
Note that the mark is all probabilities which also makes my analysis a probability.
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