Day's Bias: Bearish
Plot:
Asian Range High Takeout onto a GAP.
Price induces and creates several LTF liquidity in a form of Long Inducements.
Short Setup Occurs and still keeping HTF Swing High.
SL at $1281.30 including spreads for some broker such as EightCap.
TP set to $1169.80 or I will be closing the trade by end of NY Session.
Plot:
Asian Range High Takeout onto a GAP.
Price induces and creates several LTF liquidity in a form of Long Inducements.
Short Setup Occurs and still keeping HTF Swing High.
SL at $1281.30 including spreads for some broker such as EightCap.
TP set to $1169.80 or I will be closing the trade by end of NY Session.
Comment:
When preparing and waiting for the entry setup, I zoom in towards 3m to 1m Timeframes.
Trade closed: stop reached:
Observe price. DXY dumps hard.