Looking to short at the 4H order block and target the sellside liquidity below us in the form of equal lows.
We have news at 8:30. If we break above and close higher than 1.35682, then we will likely see higher prices. Would like to take the short early if we can tap into and respect the -OB prior to news. Current time is 7:38AM EST. If not we will look for a news spike into the -OB and wait for price to settle and look for our short position then if still favorable. Will update when a trade is placed.
We have news at 8:30. If we break above and close higher than 1.35682, then we will likely see higher prices. Would like to take the short early if we can tap into and respect the -OB prior to news. Current time is 7:38AM EST. If not we will look for a news spike into the -OB and wait for price to settle and look for our short position then if still favorable. Will update when a trade is placed.
Comment:
We are moving away from the -OB. If we do tap into it, it will be a spike from news. Being patient here.
Trade active:
Small position open, no strong reaction to news. Equal lows target is in the crosshairs.
Trade closed: target reached:
Target reached :)