Found a trade worth looking at IF i get the entry and reaction i want. Price needs to retrace to substantiate proper market structure which is coincidentally seeking liquidity to the downside, then target a pool of liquidity to the upside. Now i dont like EU so not my strongest pair
Description on chart for trade plan
Price is in a 4hr OB, past two weeks made a strong bullish move, might seek liquidity before continuing higher
Price will probably test support most relevant to current price before continuing long. I think it will however come back down to absorb some liquidity
Price is probably going to seek liquidity. SL is set at 25 pips per my rules of trading 25-30 pips at most. Anything more than that is guessing
We can currently see Sterling move just above the weekly support at 1.20000 which also happens to be a major psychological round number. Looking at the daily it seems to reject the charted support as shown, however there is a lot of strength to the downside caused by the politics including a possible no deal Brexit in the UK and the ever rising US Dollar as we...
I see a liquidity void and a liquidity candle. overall im looking for a retracement and price may retrace deeper than in this image, let watch and see
really dont like EU. here's an analysis
Liquidity has been sought looking for a bearish reaction to continue the trend
Price broke previous high, waiting for the retest now
Think price will retrace to the 1hr inverse H&S neckline then go and seek liquidity.
I think price will go up a bit but the main trend is down
EU is probably my least favorite pair. Disgusting. I think it will seek liquidity before going higher
Messing around with EJ, we can see price is beginning to consolidate, i think it will favor EUR strength.
Price is in a downtrend on higher TF. Price broke out of range and retested
CadJpy is not my favorite pair or best pair to trade but i am going to try it out