I got a break in market structure to the upside on EURAUD Daily chart. It's also tradiing down to a daily order block. It may push down to that orderblock around... 1.60355... If it does.. I'll buy from there... gonna do low risk since this is a new pair im working on.
Comment:
EURAUD has been slow moving for the past two days... I got burned twice on some low risk trades, but that's on me for not being patient. While it's showing a little bullish action. I want to see it come down a bit more to where I drew it out too before I look at a possible low risk buy trade. If i miss it I miss it. Also NFP is coming up on Friday, which means we'll see some early on manipulation on Thursday. Gotta be careful trading for the rest of this week for sure!
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by the way... the alert line you see around 1.61200+ is where the 93 pips should hit. not too far to go, so given the range, I'm hoping this will be an easy call as long as NFP doesn't throw it off.
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We got the push down I was expecting. Now the question is if it will go up... 93 pips like I'm hoping for.
Trade active:
Just got in at 1.60465 for a buy. Going for 20 pips and will break even and take 99% profit when and if I hit that goal.
Trade closed: stop reached:
stopped out with a kind of tight SL...
Comment:
Something i missed in my analysis on the 4 hr was a fair value gap between 1.60412 and 1.60450. that's a sensitive buy area... so I got a new trade in. lower risk lot size than before...
Trade active:
Got in at 1.60197
Comment:
Goonna see if we get a push up at 1pm for fomc... worst time to trade due to heavy manipulation. but we will see if the market pushes up or down... hoping up!
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the fair value gap i saw earlier has now been filled. fyi
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Trade is up about 17-20 pips right now. We are looking good. Gonna hold
Trade closed manually:
Was able to secure about 30 pips and closed my trade out. I thought it would still go bullish, but it looks like it pushed down into the order block some more. For now I'm going to leave this idea open.
Comment:
Must go below 1.59000 for me to eliminate the idea.
Trade active:
Paper trade in... Can't believe now it all of a sudden wants to take off lol wow! It initially pulled back way further than I expected. So the idea should actually be more than 93 pips at this point, but regardless, it is panning out for the buy. Just not where I thought. 75 pips in on the paper trade...