Although EU was looking bullish since last night, I have a feeling that it was just the expected pullback for the larger pattern.
Now we can clearly see a new ICI pattern developed.
I was slow to react and missed the entry by seconds as the price was at the level when I was trying to enter the trade. I am hoping for one more pullback to 1.209 for my entry before it continues down.
I've added potential targets from my original analysis as the first target is only for the current ICI, inside a larger pattern.
Remember, price action is key and the most important thing to follow as things can change at any moment.
Let me know your thoughts.
Trade Safe!
HEET
ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Now we can clearly see a new ICI pattern developed.
- We have that first nice impulse that I was expecting in my previous idea linked below.
- Price pulled back quite aggressively and settled around the .382 area and then had a fakeout/liquidity grab nearly to .5 fib.
- Right after, came back down as quickly as it went up near .382 where it is appears to be getting ready to start its descent.
I was slow to react and missed the entry by seconds as the price was at the level when I was trying to enter the trade. I am hoping for one more pullback to 1.209 for my entry before it continues down.
I've added potential targets from my original analysis as the first target is only for the current ICI, inside a larger pattern.
Remember, price action is key and the most important thing to follow as things can change at any moment.
Let me know your thoughts.
Trade Safe!
HEET
ps. I generally post alot of updates as the idea/trade evolves. If you want to stay updated, please click the "Follow this idea" button.
Comment:
Man look at it melt down. Its already gone 20 pips from entry.
Its too bad I'm not in the trade. If it continues, will need to find a pullback zone or key level to enter at.
I'm looking at this more as a swing trade anyway. It should take several days to reach the target, if it makes it that far.
Its too bad I'm not in the trade. If it continues, will need to find a pullback zone or key level to enter at.
I'm looking at this more as a swing trade anyway. It should take several days to reach the target, if it makes it that far.
Comment:
Reached 30 pips. Starting to become sad, I am no longer in this trade.
Its funny how much psychology f^(&$ with your decisions.
Lets see if this pullback can provide an entry. But probably better to wait for NY session.
Its funny how much psychology f^(&$ with your decisions.
Lets see if this pullback can provide an entry. But probably better to wait for NY session.
Comment:
It appears that the interest rates are causing havoc on the markets again. We got a whipsaw on all the majors.
Luckily my reentry at 1.2053 was stopped out at break-even before the price jumped up.
In the end, very small profits today to end the day. I'll stay up a little longer to watch the charts, but unlikely to reenter any positions with this uncertainty.
Luckily my reentry at 1.2053 was stopped out at break-even before the price jumped up.
In the end, very small profits today to end the day. I'll stay up a little longer to watch the charts, but unlikely to reenter any positions with this uncertainty.
🧑💻| Founder @blackswanforex
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📈| Smart Money Trading
🔗| Link below for my Youtube and Telegram group where I post trading ideas 👇👇👇
After that 24 pip impulse up, I am going to watch the price action a little more before entering again.
I'm thinking that it may pop up again.