Botsolutions

Liquidity below the los

Short
FX:EURUSD   Euro / U.S. Dollar
EURUSD sell.
Price taken out previous day highs. Looking to grab liquidity below previous day low
Comment:
ADP Non-Farm Employment Change supporting our short idea
Comment:
Unemployment Claims as well strengthening USD
Comment:
Price collected sell side liquidity in the form of london lows. Moving towards our set entry
Order cancelled:
Price moved 20 PIP in the direction of the trade but we missed entry with 1.5 PIP.
Price has been consolidating for while. Cancelling the entry now.
Comment:
Good reversal from the area after forming head and shoulder pattern on 1 min TF
Comment:
Engulfing candle formation on 15min. Good sign for sell position
Trade closed manually:
Trade closed. Price consolidating again with drop in volume
Comment:
Good move 30+ PIP after the trade is closed.
Will be looking to reenter within the same area again.
Comment:
Could see good momentum below 1.092
Comment:
I would have gone break even now. After closing 50% quantity @current price. But all position are closed from my side with 1:1 RR
Comment:
As expected good bearish move below 1.092
Trade closed: target reached:
TATA! BYE BYE! GAYA
Target Hit
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