EURUSD potential LONG ONLY IF SCENARIO: Long

Euro Fx/U.S. DollarFXCM

Description

⋅ May 24, 2018 9:30 AM

ONLY IF TRADE SCENARIO

ONLY IF:
D1 trendline and D1 supply are broken
and price retraces to D1 demand
I will have a BUY pending order.

Comment

⋅ May 24, 2018 9:31 AM

ALERT SET TO D1 TL and SZ break

Comment

⋅ May 25, 2018 12:12 PM

price hit weekly demand imbalance on my chart. lets see what will happen. will it hold and momentum shift? or will break through.
Patience

Trade active

⋅ May 25, 2018 3:53 PM

I have opened the first test trade when price hit Weekly demand zone imbalance.
It is a quarter of the full size position.
Depending on what happens with this Weekly demand zone I will open the rest if the market does happen to shift momentum.
from this W demand imbalance it is either up as per the above analysis or if 1.1554 get's taken out then this W dz will be broken

Comments

Deszcz

⋅ May 24, 2018 10:26 AM

Agree, very nice scenario.
I will look long a little lower from extremum of W1 DZ:

EquilibriumTradingAlexMO

⋅ May 24, 2018 10:40 AM

@Deszcz, Indeed
ECB Monetary Policy Meeting in less than an hour. Lets see what will happen.