Good morning ladies and gentlemen,
Following on from the trade idea I just posted about EURAUD long. I believe that EURUSD could come down to fill the liquidity void that lies below as a result of the FOMC news release.
If it fills the liquidity void, I'll be looking to go long on this pair around the H1/M30 bullish Orderblock with my stop below the structure.
I'll be looking to target the EQ highs as that's where a majority of buy stop pendings are, I'll scale out a portion of my position once that price level is reached.
The next target is the D1 SIBI where there is a high potential for price to reverse from here. How price interacts and deals with the D1 SIBI will determine the trajectory of EURUSD going into next week.
Good luck.
Happy Trading.
Following on from the trade idea I just posted about EURAUD long. I believe that EURUSD could come down to fill the liquidity void that lies below as a result of the FOMC news release.
If it fills the liquidity void, I'll be looking to go long on this pair around the H1/M30 bullish Orderblock with my stop below the structure.
I'll be looking to target the EQ highs as that's where a majority of buy stop pendings are, I'll scale out a portion of my position once that price level is reached.
The next target is the D1 SIBI where there is a high potential for price to reverse from here. How price interacts and deals with the D1 SIBI will determine the trajectory of EURUSD going into next week.
Good luck.
Happy Trading.
Trade active
Trade closed: stop reached:
Came back to the H4 Bullish OB. Directional bias remains intact. Will look for an opportunity to re-enter on Monday/Tuesday.
