Bearish throughout the week with the daily order block being met on the 29th, one day before good Friday before retracing to the upside.
Due to the sentiment being overall bearish, many retail traders would be inclined to go with the notion that 'trend is your friend' and short the market whilst placing their stop loss above recent highs, causing smart money to capitalise on it.
Short-term bullish for euro with a pending selloff in the cards, especially if we are to see 105 attacked in the dollar index.
Either look for longs towards the upper displacement daily fair value gap or wait for the move to play out and place shorts aiming for new lows below the daily order block @ 1.07741.
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Due to the sentiment being overall bearish, many retail traders would be inclined to go with the notion that 'trend is your friend' and short the market whilst placing their stop loss above recent highs, causing smart money to capitalise on it.
Short-term bullish for euro with a pending selloff in the cards, especially if we are to see 105 attacked in the dollar index.
Either look for longs towards the upper displacement daily fair value gap or wait for the move to play out and place shorts aiming for new lows below the daily order block @ 1.07741.
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure
- Buyside/Sellside Liquidity
- Order Blocks
- Liquidity Voids
- Fair Value Gaps
- Optimal Trade Entry
- Premium/Discount Array
- SIBI/BISI
- Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE
- Shawn Lee POWELL
- Toray KORTAN
Order cancelled:
Same for Euro. The overall move played out but 1.08374 never materialised for me to initiate short trades
