EURUSD is looking very good in terms of entering high quality POI's and it is following the temporary bullish trend very well. So from this we will try to catch pro trend trades up to the daily supply or ideally the 8hr supply zone on top of it. As of now, price has created a small BOS to the upside so I will be waiting for a small pull back to the 12hr demand in order to buy up.
As price Is near a decent amount of liquidity I would like to wait for a clean CHOCH and for a spring to take out any remainder asian lows for me to consider a buy opportunity. However, as there's major news this week like NFP, so I would approach any potential setup with caution and lower my usual risk size.
Confluences for EURUSD Buys are as follows:
- Temporary trend for EU is bullish and this follows the trend as well as the DXY bias.
- In order for price to make a bearish move it will have mitigate the daily above or the 8hr supply.
- There's asian high above that hasn't been taken which is liquidity that needs to get swept.
- Price keeps breaking structure to the upside and candles on HTF are very bullish.
- Momentum is starting to slow down as it has currently reacted to a 4hr supply.
- In order for price to continue going up it must come down in the form of a pullback so we can create a new leg to the upside.
P.S. The Wyckoff accumulation is still pending as I'm waiting for price to mitigate my zone, sweep liquidity and change character to the upside. I am also aware price could fall lower due to the ineffeciencies below and then tap into a cheaper zone for buys back up.
As price Is near a decent amount of liquidity I would like to wait for a clean CHOCH and for a spring to take out any remainder asian lows for me to consider a buy opportunity. However, as there's major news this week like NFP, so I would approach any potential setup with caution and lower my usual risk size.
Confluences for EURUSD Buys are as follows:
- Temporary trend for EU is bullish and this follows the trend as well as the DXY bias.
- In order for price to make a bearish move it will have mitigate the daily above or the 8hr supply.
- There's asian high above that hasn't been taken which is liquidity that needs to get swept.
- Price keeps breaking structure to the upside and candles on HTF are very bullish.
- Momentum is starting to slow down as it has currently reacted to a 4hr supply.
- In order for price to continue going up it must come down in the form of a pullback so we can create a new leg to the upside.
P.S. The Wyckoff accumulation is still pending as I'm waiting for price to mitigate my zone, sweep liquidity and change character to the upside. I am also aware price could fall lower due to the ineffeciencies below and then tap into a cheaper zone for buys back up.