Looking at a potential 1:55 short on EURUSD
, my bias is relevant to DXY
. Expecting retracement on Monday to clear up Thursday/Friday liquidity. My POI is based off of a BTS
that needs mitigating, as it has taken out EQH's and left and IMB
after it which is all signs of Smart Money.
The market has left some EQH's to be taken out on the way to the POI, with IMB's on price above it also. Giving me extra conformation that we will see the market expand upwards.
I will be risking 1% on on the entry given, but also 1% on LTF