Hey Folks. Here is my trading plan and idea for EURUSD for the weeks ahead.
As it is clear the price is moving in positive ranges in 4-hour time frame. In the last Positive range, by mitigating the "Decision Block" and Creating a new HH, there is a level of liquidity in the range and I am waiting for it to be hunted. After Hunting the level there are 3 places I look forward to Buy:
1. The Nearest Extreme Flip in Discount Area of the Current Range if and only if I see Reverse Pattern in 15m chart.
2. The most extreme block of the Current range since there is an inducement level(FVG) near it if and only if I see Reverse Pattern in 15m chart.
3. If market drops deeper I will look forward to buy, after Hunting the weak low of the first positive range, following the reverse pattern in 15m chart in the first positive range's extreme flips.
As it is clear the price is moving in positive ranges in 4-hour time frame. In the last Positive range, by mitigating the "Decision Block" and Creating a new HH, there is a level of liquidity in the range and I am waiting for it to be hunted. After Hunting the level there are 3 places I look forward to Buy:
1. The Nearest Extreme Flip in Discount Area of the Current Range if and only if I see Reverse Pattern in 15m chart.
2. The most extreme block of the Current range since there is an inducement level(FVG) near it if and only if I see Reverse Pattern in 15m chart.
3. If market drops deeper I will look forward to buy, after Hunting the weak low of the first positive range, following the reverse pattern in 15m chart in the first positive range's extreme flips.
Trade active:
EURUSD:
1. MOD and Inducement of the Last Positive range are hunted.
2. Extreme flip is been hunted.
3. Last order block of the range is been touched.
4. The reverse pattern (Ch+, Hunt+, Ch+) occurred at price 1.08077, in the 4H Order Block at 15m chart.
DXY:
1. Has Hunted the previous MOD of the negative range at price 104.416
2. Negative reverse pattern has occurred at 104.437
So basically everything is in favor of the Buy Position for EURUSD. But what is holding me back is 2 major problems here:
1. DXY might move to 104.547 or above.
2. There is a very strong level of liquidity at price 1.07898 under the low of the current range that we are in in EURUSD. So the price MIGHT move to hunt it.
All in all, I will jump into the Buy trade, by mitigating the Ch+ range in 15m time frame, in the coming week, at prices like 1.08070 or 1.08049 and I will be very cautious about my entry Lot because of the two reasons I mentioned earlier.
Take note this is not a signal to buy or sell just my personal point of view.
Peace✌
1. MOD and Inducement of the Last Positive range are hunted.
2. Extreme flip is been hunted.
3. Last order block of the range is been touched.
4. The reverse pattern (Ch+, Hunt+, Ch+) occurred at price 1.08077, in the 4H Order Block at 15m chart.
DXY:
1. Has Hunted the previous MOD of the negative range at price 104.416
2. Negative reverse pattern has occurred at 104.437
So basically everything is in favor of the Buy Position for EURUSD. But what is holding me back is 2 major problems here:
1. DXY might move to 104.547 or above.
2. There is a very strong level of liquidity at price 1.07898 under the low of the current range that we are in in EURUSD. So the price MIGHT move to hunt it.
All in all, I will jump into the Buy trade, by mitigating the Ch+ range in 15m time frame, in the coming week, at prices like 1.08070 or 1.08049 and I will be very cautious about my entry Lot because of the two reasons I mentioned earlier.
Take note this is not a signal to buy or sell just my personal point of view.
Peace✌
Trade active:
EURUSD:
1. There is a Negative Break of Structure (BOS) in H4 time frame at price 1.07958, so we are now in a negative range.
2. There is a Negative Mitigation of Decision (MOD) in H4 time frame at price 1.08192, So basically a very strong level of liquidity.
3. A BOS in M15 at price 1.07447 (Ch+ in H4 time frame) after hunting strong inducement at price 1.07903 and touching the last extreme flip.
4. There is a Positive MOD in M15 time frame at price 1.07433. Hence, hunting the level and you enter at price 1.07328 if and only if you see a Ch+
Note that if the order blocks at prices "1.07246" or "1.06952" don't hold the price the analysis will be denied.
DXY:
1. We are in an strong uptrend.
2. There is a very strong level of liquidity at price 104.014 (H4 MOD+). So the price MAY move towards that to hunt it.
3. IF the price hunts the liquidity mentioned, there will be chance of strong bullish movement at price 103.296
SO as I said there is a strong chance that EURUSD may move bullish towards prices 1.08054 or 1.08189
Remember to see possible changes in the price and do not enter blindly.
Peace ✌
1. There is a Negative Break of Structure (BOS) in H4 time frame at price 1.07958, so we are now in a negative range.
2. There is a Negative Mitigation of Decision (MOD) in H4 time frame at price 1.08192, So basically a very strong level of liquidity.
3. A BOS in M15 at price 1.07447 (Ch+ in H4 time frame) after hunting strong inducement at price 1.07903 and touching the last extreme flip.
4. There is a Positive MOD in M15 time frame at price 1.07433. Hence, hunting the level and you enter at price 1.07328 if and only if you see a Ch+
Note that if the order blocks at prices "1.07246" or "1.06952" don't hold the price the analysis will be denied.
DXY:
1. We are in an strong uptrend.
2. There is a very strong level of liquidity at price 104.014 (H4 MOD+). So the price MAY move towards that to hunt it.
3. IF the price hunts the liquidity mentioned, there will be chance of strong bullish movement at price 103.296
SO as I said there is a strong chance that EURUSD may move bullish towards prices 1.08054 or 1.08189
Remember to see possible changes in the price and do not enter blindly.
Peace ✌
Trade closed: target reached:
Strong Bullish Movement Towards Prices 1.08054 and 1.08189.
I Entered at price 1.07459
I Entered at price 1.07459