Market structure is what I would want to see when making the decision to execute throughout the week. I must admit, in comparison to GBPUSD, it's not pristine but still, money is there to be made!
Wednesday is when Euro manipulated the bears by running on mid-week buystops + Fridays buyside liquidity pool before capitulating throughout the remainder of the week, shifting in market structure with unfinished business 1.07960 daily sellside and daily order block below it @1.07716.
A relief rally back up into the Wednesday order block zone is an optional move but if I were to witness it, I will be looking right down the sniper scope ready to execute.
My philosophy is simple...
Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go.
This includes;
- Market Structure - Buyside/Sellside Liquidity - Order Blocks - Liquidity Voids - Fair Value Gaps - Optimal Trade Entry - Premium/Discount Array - SIBI/BISI - Many More!
The strategies mentioned here are some of many that I use to implement into my analysis and over time, with consistency I aim to achieve a high degree of accuracy in the markets with the foresight and understanding to assess what went wrong when my bias is negated.
Credits;
- Michael Joe HUDDLESTONE - Shawn Lee POWELL - Toray KORTAN
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Scoping the daily order block that was printed last Wednesday