EURUSD has just Liquidated previous lows. Usually when this happens, we should see a test of this area before moving lower. Right now, EURUSD is testing a LTF Bullish OB which should make EURUSD go up to our Short entry. I see price reaching the SSL and to fill the Daily FVG Imbalance below. I dont see price reaching up any higher than the highest high it took out (marked with "x") before dropping.
Trade active
⋅
I took an entry on the 5 min timeframe from where I expected a reaction. Running 1.5R in profit, however I'm risk free before FOMC, partials taken
Comment
⋅
Beautiful bearish daily candle that i capitalized on on the lower timeframes, but unfortunately FOMC kicked in and shot to the upside, therefore took me out at Breakeven.
Its possible that EU continues to the upside as FOMC ruined the setup...
Comment
⋅
Just took a re-entry.
Comment
⋅
TP 1 HIT! (at SSL)
Trade closed: target reached
⋅
TP 2 HIT! CE (Consequent Encounge) of Imbalance hit. FULL TP. If you took a trade from this analysis, congrats