So ehm, as the notations on the chart show i'm taking a little short on EURJPY based on a retest of the daily bearish orderblock. Setting up a few layers on the OTE levels as shown. If i zoom out i can see a whole lot of room to go down so thats cool. Seems worth a try :)
Taking this short here, all the explanation is in the chart. It's kind off a bold idea but if it works out i'll have a few laughs for sure.
So big picture we are bearish, we just made a potential lower high. Some stops have been taken out on lower timeframes and lower timeframe MS is broken.
I'm planning to buy a retest of the breaker into OTE levels with a stop...
So we made a higher high on USDCHF, buying a retracement into optimal trade entry.
On the daily we have a swing high on the left, keeping an eye on that but we still have a but of room until we get there.
Using the simplest setup possible, i'm back-testing these kinda simple scalps (with real moneyz but super low risk) to see where it will take me.
Entry layers...
Setting up this XBTUSD short based on the H12 bearish breaker on the left. Expecting price to trade up into the mitigation area for the longs on the left to eventually break down. I don't want to see price trade above the H1 block as shown on the chart, placed my stop above it. I am somewhat concerned about the double tops above us, there's resting liquidity and...
Setting up this countertrend swing (long) on EURUSD. Entry is based on a H4 bullish orderblock with a H1 bullish breaker inside it. Entry has confluence with the 886 fib level and the invalidation level is set right below the recent swing low. Taking profit in three steps, first at the FTA (first trouble area) then i'll have it heading to the recent swing high...
