EURUSD Outlook 5/13

EURUSD traded into an orderblock from 2016. We have been in freefall but I am expecting price to move away form this zone to at least test 4hr structure and fill some imbalances above.

This is in confluence with DXY perspective and expected dollar weakness. A new low would invalidate this idea. Will be monitoring price early in the week to see how it reacts when it trades into 5 min demand.

Comment:

Took a quick short targeting asia low for a 1:5 RR

Trade active:

Stop loss moved

Comment:

secondary position added to trade

Trade active:

Stop moved to profit

Comment:

Taking first profits as price approaches the imbalance, just over 1:3. Remainder to run to asia low.

Trade active:

Added to position

Comment:

Update

Trade closed manually:

Trade closed. for a total R:R from initial 1% risk of 1:9.

Comment:

Posting final screenshot before deleting from chart

Comment:

15min and 1hr trade perspective.

Comment:

Trade idea

Comment:

Trade active

Trade closed: stop reached

Trade active:

Trade entered after NY took liquidity form LDN and AZN and formed 1 min doji.

Comment:

TP1 hit with 85% of orders taken off table. Remainder to continue to HTF demand

Comment:

Big reaction from my take profit area, looks like price may continue to final TP, however this was a great 1st TP area.

Comment:

Trade closed. 1:6.3 RR. Realized RR after partial TPs 1:5.28.

Trade closed: target reached:

Trade closed. Multi-timeframe snapshots.

Comment:

Trade idea

Trade active:

Trade active

Trade closed: stop reached

Trade active:

Last entry was liquidity, Trying again

Trade active:

Choppy ass mitigation, likely entered too early. But it appears like it will hold.

Comment:

JFC finally.

Comment:

Original entry was premature. The goal is not to be early, but to be the first late person. This is how you should have entered.

Trade active:

SL to BE