smilescloud

BREAK DOWN AFTER TRADE EURUSD SELL

smilescloud Updated   
FOREXCOM:EURUSD   Euro / U.S. Dollar
BREAK DOWN AFTER TRADE EURUSD SELL. CONFIRMATIONS: HIGH TIME FRAME ANALYSIS DOWNTREND, DISTRIBUTION FORMED AND CONFIRMED, 15 ORDERBLOCK IDENTIFIED. LOW TIME FRAME SELL CONFIRMED. SORRY ITS RUSHED

Break down will be provided after tradev EURUSD SELL. Confirmations: high time frame analysis downtrend, orderblock mitigation zone reached, bearish reaction obtained, distribution confirmed, break of structure to the downside confirmed. sorry its rushed
Comment:
15 min timeframe

Round numbers acting as execution targets, spiked( round numbers are usually a good place to measure all the drama that the reaction causes)
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entry upon 15 min candle close, stop above the high of the candle is decent
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M FORMATION IN THE 15 MIN COULD POSE AS CONTINUATION CONFIRMATION
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We have news that just hit now, hopefully it fuels the move
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no big lots though guys pls, not that i think anyone would trust the idea but yeah just sayin pls
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the drama by 1.00400 looks nice in 1 min, lets see it develop
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Trade was unsuccessful. observations, to me this is a clear stop hunt of about 100 pips (institutional level). i say so because the GER30 index does have correlation in terms of trend. the sell worked fine there but in eurusd we experienced choppy price action.
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