"Shorting EU in LO" by trader hopiplaka1 — published January 27, 2015

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Short

Euro / U.S. Dollar (FX:EURUSD)

FX:EURUSD Euro / U.S. Dollar

Shorting EU in LO.
DXY is in the OTE zone, after a bounce of a weekly mitigation block.

EU hit the 15Min bearish Order Block. Take profit is the bullish order block

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about EURUSD 3

Sounds like a good plan! Any idea what is a breaker is?

jinirav

It's the small red bar around the 03:15 timeframe, around the 1.1280 level

hopiplaka1

Thanks. Is that called breaker because it breaks market structure? Not 100% sure what it means and how it is different from mitigation candle.

jinirav

I think it's the last bear bar before a stop run.
It's being used for the market maker sell program.

If you missed the false break of a MMSP, you can use the breaker area to enter short, and complete the MMSP

I think there will be some clarification in the MM_6 and MM_7 video's where MMP will be explained in detail

hopiplaka1

Great! Makes some sense :)

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