With the dollar gaining strength, We will see EU turn bearish . I am looking to short this at the highlighted candle also known as a 'pepe' or 'order block'. Tight stop loss so a bigger lot can be held. Target area is the next order block below. This trade is an 8:1 Risk to Reward. 13 Pip stop loss and over 100 Pip reward.. (potentially more)
Disclaimer: This is a trade idea only. I am not a financial advisor. Win or lose.. Trade at your own risk.
Disclaimer: This is a trade idea only. I am not a financial advisor. Win or lose.. Trade at your own risk.
Trade closed: stop reached:
The dollar made equal highs and fell off. Expect the dollar to rise still. Those equal highs (built up liquidity AKA All of those stop losses above the equal highs) Will get ran. A 'buy to sell" scenario.
EU on the other hand cleared liquidity and went into the next OB zone. I'm sitting on my hand until I see the structure break on the smaller time frames in my areas of interest.
... Will post new ideas in a new post.
EU on the other hand cleared liquidity and went into the next OB zone. I'm sitting on my hand until I see the structure break on the smaller time frames in my areas of interest.
... Will post new ideas in a new post.