Goodmorning traders,
Im looking for potential longs on EURUSD after the Break on a Bearish structure.
Price also found support on higher timeframe Bullish trend and made a SWL on the 4H timeframe.
Daily SWL could be forming today.
Keep in Mind that price is now rejecting a Bearish trendline.
For me still enough probability that Longs could work.
If you dont wanna take that risk you can wait for price to gain the downtrend,
and then look for bullish structure if price didt grab the Liquidity above yet.
Market maker model could be in play.
For me under the bullish push made now, Are resting the high probabilty longs.
As the market can liquidate the equal lows and retail placing there longs and Stoplosses on the recent bullish push.
This can offer the Smart Money liquidity.
If price holds more above and breaks more bearish structures i will be looking for Longs more above.
Only on Key timings.
Im keeping in mind that price could also continue the downtrend and my analyses could have the wrong bias on the overall market.
Taking 0.5% instead of 1%.
No financial advice.
Have a great day.
Dave
Im looking for potential longs on EURUSD after the Break on a Bearish structure.
Price also found support on higher timeframe Bullish trend and made a SWL on the 4H timeframe.
Daily SWL could be forming today.
Keep in Mind that price is now rejecting a Bearish trendline.
For me still enough probability that Longs could work.
If you dont wanna take that risk you can wait for price to gain the downtrend,
and then look for bullish structure if price didt grab the Liquidity above yet.
Market maker model could be in play.
For me under the bullish push made now, Are resting the high probabilty longs.
As the market can liquidate the equal lows and retail placing there longs and Stoplosses on the recent bullish push.
This can offer the Smart Money liquidity.
If price holds more above and breaks more bearish structures i will be looking for Longs more above.
Only on Key timings.
Im keeping in mind that price could also continue the downtrend and my analyses could have the wrong bias on the overall market.
Taking 0.5% instead of 1%.
No financial advice.
Have a great day.
Dave
Comment:
Price reacted nicely from first Level (Dotted Green Line)
Comment:
Still possible to fill more below, price is choppy for now
Comment:
Price broke out of intern downtrend. Strong signal for long trade.
Removed the other long more down and setted SL Breakeven.
Removed the other long more down and setted SL Breakeven.
Trade closed: stop reached:
Price more sideways. i was looking for stronger price action.
16:00- 18:00 UCT+1