$EURUSD - Drop into Tuesday for Low Reversal -Smart Money Theory
I haven't done one of these in a while so here are my thoughts.
As we're still bullish long term with foreign (Euro) currency and Tuesday tends to be the day of the high or low, I'm gonn call the low. As you see there's a Turtle Soup the has sellers trapped below a certain area hoping for a return so they can get out of their trade. But the breaker sitting on top of it (which also is the 70.5% retracement of this particular Fractal of the price would be a great opportunity for the institutions to buy nd keep the sellers trapped.
As for the News, it's all EUR all night giving the advantage to the algorithm to run the sell side liquidity into the breaker. I would hope it hits the breker just t new york open or close (probblu close) while it led the rest od the wy up Wednesday and Thursday.
If I was the Algorithm, this is what I would do to take out retail traders.
Just saying
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Good Luck and Good Trading ;)
EURUSD
As we're still bullish long term with foreign (Euro) currency and Tuesday tends to be the day of the high or low, I'm gonn call the low. As you see there's a Turtle Soup the has sellers trapped below a certain area hoping for a return so they can get out of their trade. But the breaker sitting on top of it (which also is the 70.5% retracement of this particular Fractal of the price would be a great opportunity for the institutions to buy nd keep the sellers trapped.
As for the News, it's all EUR all night giving the advantage to the algorithm to run the sell side liquidity into the breaker. I would hope it hits the breker just t new york open or close (probblu close) while it led the rest od the wy up Wednesday and Thursday.
If I was the Algorithm, this is what I would do to take out retail traders.
Just saying
-----
Good Luck and Good Trading ;)
EURUSD
Comment:
Well that was exciting....
Comment:
The entry is really CLOSE RIIGHT NOW. If you want to jump in nows the best time.
Or if you want to hold still i moved my entrance to 1.21341 and I'm slowly but surely waiting for it to hit that.
Or if you want to hold still i moved my entrance to 1.21341 and I'm slowly but surely waiting for it to hit that.
Trade active:
Hit my entry
Trade active:
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.