Price has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
Trade active:
I took my sell entry. Would keep watching to manage the trade.
Trade active:
There's going to be a pullback, trade cautiously.
Comment:
I might be looking for a buy setup to sell entry in NY session.
Trade active:
I took a buy position to sell entry.
Trade active:
hmmm, there might be a pullback
Trade active:
I would be expecting a pullback into NY session.
Trade active:
Buying...
Trade active:
All trades risk free.
Trade active:
hmmm, this is not good. Price doesnt look like it would break the recent high. I would wait for a 5mins, retest to close the buy positions, and sell.
Comment:
This is what I am expecting.
Trade active:
Entered.
Trade active:
I took another entry
Trade closed: target reached:
Tp'd And EURUSD sell is confirmed.
Comment:
I would be expecting this price action to preserve the bearish momentum.
Comment:
I am waiting for LIQUIDITY to be taken out, then I would sell on BOS lower.
Trade active:
I am monitoring these entries, but I have entered sell positions.
Trade active:
took new entries.
Comment:
closed my positions yesterday, SL hit my BE.
Comment:
I would be watching for price reversal at this zone.
Trade active:
Price action is making me consider price doing this:
Trade active:
Holding to TP.
Trade closed: target reached:
TP'D. Would be watching for reversal now.
Comment:
I am waiting to see if this high would be broken to confirm bullish momentum. Overall, it is still a distribution pattern.
Comment:
Currently, I am still watching, but my sell bias is over.
Comment:
Last trade setup for the day and hopefully for this sell analysis.
Comment:
cancel the last setup
Comment:
Good morning
Trade active:
Trade closed: target reached:
My Sell bias for EURUSD is over.
