hopiplaka1
Short

Shorting the EURUSD after hitting a SR line and order block

INDEX:DXY   U.S. Dollar Index
186 7 2
Shorting the EURUSD             , it hit a resistance line yesterday and retraced into 15 MIN order block.
AusDoc
2 years ago
You show a bullish OB, two breaks higher, retracement into the OB for a bounce higher (not a bounce really, more a mushy turn). That all worked. Rally to a minor M15 OB inside the OTE zone, fair enough. Perhaps you mean it hit a support line yesterday. Trade plan, description and chart markup all seem just a little confusing actually, not like you Hopi. Good OTE retrace setup on H1 supports your view but I think it's very good that you have a planned entry with a tight stop. Tight is good. :) Good luck Hopi.
Reply
hopiplaka1 PRO AusDoc
2 years ago
Sorry Ausdoc, after submitting I realised I forgot to clean some old objects on the chart.

I should have put the 4H renko instead of the 1H as well, so the renko resistance line comes in at 1.2541.
You will see there is a swing point around that level, which I should have used to draw the fib. 1.2525 is at the 79% retracement and aligns with the 15MIN order block.

Meanwhile, the DXY 1H touched the 1H order block as well.

Again, I apologise for the cluttered chart, I'll do a much better job next time :)


Reply
AusDoc hopiplaka1
2 years ago
LOL Relax Hopi, it's ok to be as human as the rest of us. ;-) I was just surprised and assumed you were rushed or distracted.

At least you know someone is watching.... :)
Reply
hopiplaka1 PRO AusDoc
2 years ago
It was 06:40 GMT+1 in the morning when I posted this and I haven't had my 5 coffees, so not fully awake :)
Reply
AusDoc hopiplaka1
2 years ago
5 coffees..... !!! How do you ever sleep? ;-)
Reply
A successful r/r 4 setup. Still a lot more room to go down, but I'm okay with the take profit
Reply
AusDoc hopiplaka1
2 years ago
A great trade, with an excellent R:R. See, you don't need all that coffee. LOL
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out