I will be placing my bets on sells, i think it has taken the short term high on the daily, now its created its high of the week and now we will be pushing down. lets see how the week ends.
We bullish, a simple break of that short term low to drive it higher. very simple but thats my plan
I think too many tik tokers and tweeters are bullish on this pair, getting the retail lot in late and perhaps seeing 60k break i will expect to see a crash. Definitley taking out the swing lows before going up.
Order set, this what i am seeing, a low to be broken going into new york when all the news impact comes in. This could take it higher.
It might be time to take out swing traders stop loses. We have had a major break on the weekly, also breaking a low on the daily. I think this break of the low was a liquidity raid and we going to see some up movement up towards the short term swing high.
Price has created some EQL/H with a tight asian range. I will be setting my orders for new york open and be waiting price to tag me on the malnipulation and lets see if we retrace for the last two days of the week.
The sooner you learn this the better. I started seeing price perfectly mitigate areas and i started to ask my self, these moves are not random, and engineered. So when you see high impact news decide a scenario that fits and let the news be the cataylst. This does take practise and training your eyes. Just have a look at my EU chart, trade based off news, no data...
News at 3pm london time high impact. A big structure break to the upside leaving accumulation. Price needs to head back into discount on the weekly. A buy scenario seems to fit the puzzle, but this trade is one of the next 100. A short term low will be taken out before where my entry will be sitting and waiting.
What i am seeing is a daily supply with a swing high. We also have a double top on the 4H and we may see it get taken. So far its respecting the supply zone, i wont be selling till a shift in structure has happened. So for me its buys
EQL daily low easy sells. NY may take it lower, or when the speech happens may be a bullish retracement
It seems to be setting up to take the lows, EQL resting liquidity, respecting supply order flow. lets see what entries it can give.
We have powells speech at 2.45pm, i am waiting for a sweep then looking to get into buys up to the 1 hour supply.
A beautiful eql low has been created, only for retail to take stop loss, so my idea will be taking one of the two if not both options for sells, be patient, wait for shifts and evidence.
I see it is consolidating at this moment, i think what might happen is london will provide the pull back down into the 1H OB, then a rally in new york. All the same i want to see bullish price action so i can take the longs to liquidate the trendline.
We have hit the daily orderblock with a nice reaction from the news FOMC to spike us down, now a possible reversal. we will see how it reacts at the next 15m OB but overall thoughts its bullish!
We are stuck inside last days range, a possible fakeout of consolidation, might even take the asian low out today. I got a shift on the 1M and got a nice zero drawdown entry.
we have already took daily liquidity and now consolidating so i expect a move up after asia has been taken for its low.