Kram_Capital

EURUSD Idea for 31/08/2023

Long
Kram_Capital Updated   
OANDA:EURUSD   Euro / U.S. Dollar
As big picture at
A little bearish move to mitigate the zones, I think we will likely sweep the external liquidity from the M15 range before moving to make a new M15 leg

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That was a small aggressive move up and then an aggressive move down. Shady shenanigans before the news. It has got us close to my first POI so I will be looking for confirmations. I am expecting the external to be swept, still, though
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I'd like to see that orderflow mitigated before I make any moves
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Looking at the dollar index, there's no way this EU demand will hold
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DXY on Capital.com looks perfect, though. Minefield!
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Weapon drawn
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M15 decisional / M1 Decisional failed
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Decisional destroyed. In extreme RN but as I said in the forecast, the M15 extreme low is the H1 IDM so a sweep is probable
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Extreme in play. May be a valid loss if it gives confirmations only to be swept for the NY reversal
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Valid
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SCOB would give further confirmation which is wise because of the likelihood of a sweep of the M15 HL
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So I got in on the sweep of the major M1 IDM. Rushed market entry though with crap RR.
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Closed 1R. Will re enter after news
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So a slow day, really. One of those shady zones that I marked here came into play
I said in the H4 section of the full top down analysis that the recent H4 impulsive legs may need rebalancing before we take that old H4 LH, I also said that the data would be a driver so I think NFP will tag that H1 demand and create the HL. I have seen people calling bearish but I am only bearish on the M15 and H1 while we hunt down that H4 HL. I think when the higher time frames are in crucial zones then our usual M15 timeframes get ragged around like a dog's toy. Tomorrow is NFP so I'll check the charts from time to time but I won't be getting involved, I prefer the low hanging fruit. I'll put a forecast up still, though
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Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
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