EU: Where to take profit?

If we close below the outlined gap, than shorts are high probable on EU. Of course we should always watch DXY too. But if price action is in line and we form gaps downwards, I would definitely target the weekly fvg first. Full margin + a house ofc. Be safe, smart and patient guys. ok byyy

Comment:

I don't say that this is what we've wanted, but this is what we've wanted. Anticipate a retracement (during NYC session) of this current London session displacement leg. yummy yummy

Comment:

would you guys be interested where I've executed on this move? Give me a follow or message me on my instagram (armintrades) and I will make a detailed post about this price prediction. It's pretty simple, you would be surprised. Be safe. ok byyy

Comment:

The week has ended... The major low has been taken out... Price action was clear. But why was these levels important in the first place? The target was a huge draw on liquidity. The major low (that was highlighted) was the one that created a weekly imbalance in price. After price bounced from the daily order block and confirmed the shift in delivery (the closure below the 4h fvg), it was pretty clear that we will take out the low.
It's pretty simple. Price either seeks liquidity, or it moves to rebalance itself. With the run into the daily order block we took out liquidity as well. Previous weeks buy-side liquidity to be exact. Once we see that, with a change in delivery, we should look for higher timeframe imbalances to target. It's really that simple. Ok have a nice weekend byyyy

armin

Trade closed: target reached:

All targets reached on EU, nice read. Hope you could capitalized on this move. Now anticipate a reversal from the bottom area of the weekly fair value gap.