EURUSD - Direction is still for the Bullish Side. From timeframes Weekly, Daily and 4h.
analysis is there are multiple Short Opportunities that had been provided early in this daily session, my hunch is that market is building up liquidity to take later on London or the US Sessions.
so in order to take Longs in this key level (1.10450 - 1.09623) the market must first print a 5min break of structure to the upside in order to execute for the trade once confirmed. tight stoploss is needed because of what i said in the previous Idea I published it may go below the key level 1.09623-617 down below and it may happen it the do so. so in order to grab the opportunities for longs 5min break of structure is needed. minimum targets 20-30pips and hold or 10pips BE
for shorts as long as we are on this 15min range / 15min pullback heading downside, we must execute all shorts after a 5min break of structure to the downside and once confirmed. sl is tight because market is still bullish in the pullback 15min phase it may continue to go long as it can sustain its 5min breaks. minimum target 20 - 30 pips and 10pips BE