Price found support 1.1923, and we have been having multiple 1h breaks in structure.
However, Wednesday LDN and NY session showed price consolidating at the break of a major structure.
I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday.
Always, trade cautiously.
However, Wednesday LDN and NY session showed price consolidating at the break of a major structure.
I am anticipating a liquidity grab to discount and then bullish price action to 1.2138 for Thursday and a further bullish break of structure to 1.2242 on Friday.
Always, trade cautiously.
Trade active:
:) This is a good morning.
Trade active:
It does look like NY session is going to be bearish.
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Price hit my BE. However, I would keep watching
Trade active:
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was stopped out at BE. I hope we don't experience the complicated pullbacks of yesterday.
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If Price retest the supply, I would re-enter.
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we tested supply at 38.2, It means we have a lower high now. I would sell at the retest.
Trade active:
Trade closed: target reached:
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I would be looking for 15mins accumulation for a buy.
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My buy analysis might not happen this week. LDN session has closed, and we are fast approaching NY session close. Looking at the Daily chart, we have made a new low. I am certain of a few things:
1. The sell trend is over
2. A bearish retracement is imminent for price to continue lower
3. Price is entering exhaustion on the daily and already oversold on the H4.
If the daily chart closes with an engulfing candle, I would look for a retest into tomorrow and more selling opportunities to the break of the low of today's candle.
1. The sell trend is over
2. A bearish retracement is imminent for price to continue lower
3. Price is entering exhaustion on the daily and already oversold on the H4.
If the daily chart closes with an engulfing candle, I would look for a retest into tomorrow and more selling opportunities to the break of the low of today's candle.
Comment:
Currently, I see 2 different scenarios if we continue selling tomorrow:
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When I said the sell trend is over, I meant we shouldn't be anticipating any crazy bearish expansion because we are at the tail end of the trend. If price would have reached more lower target, it should have happened today to set the tone of tomorrow the last day of the week.
NFP is happening tomorrow. Crazy volatility. As always, trade cautiously.
NFP is happening tomorrow. Crazy volatility. As always, trade cautiously.
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Good morning, this is the plan for this morning. I already have a buy target from yesterday. However, there is still the possibility of a sell.
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It's confirmed, we are selling for LDN breakout.
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I would be looking for an entry at the 88.6
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It doesnt look like it would take liquidity. would sell with 5mins retest
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Comment:
Just closed my sell. Sweet trade 17:1RR. This is what I am anticipating next:
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Price has not met my expectation for LDN session. I would also be watching for this:
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I initially entered a sell position, but it hit BE. I see now we would touch the discount of the larger swing.
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The only way I would take a sell at this level is a 15mins BOS.
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Price gotten to discount. 5min BOS is key to a sell entry.
Trade closed: target reached
