Shorting the EURUSD, it hit a resistance line yesterday and retraced into 15 MIN order block.
Comments
hopiplaka1
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A successful r/r 4 setup. Still a lot more room to go down, but I'm okay with the take profit
AusDoc
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A great trade, with an excellent R:R. See, you don't need all that coffee. LOL
AusDoc
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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.
hopiplaka1
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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 :)
AusDoc
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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.... :)
hopiplaka1
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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 :)