Yesterday felt like a market reset day, or mid week reversal day. Because we are still in a downtrend bearish sentiment is high, however we can trade a high time frame pull back to the upside, this idea came into my mind due to the fact that the market maker confirmed the bearish bias from the open (this in my opinion is a fake bias atleast for today due to high institutional orderflow yesterday these guys are definetely present in the market this week and honestly that could mean that we are up for a lot of manipulation). so just like yesterday, no big risks should be taken, keep it conservative.
EURUSD
EURUSD
Trade closed: stop reached:
Yestarday we had the pullback which provided entry for the buy, unfortunately only 50 % was reached ( around 25 pips). price tested the intraday order block instead of previous day order block. will keep these levels in mind in todays analysis.