My initial entry at 108.850 got taken out at breakeven so looking to re-enter before a further drop off the 4Hr OB. End tp is the daily swing low. Will wait to see how the market opens and look for an entry on Monday or Tuesday. A nice potential 1:17 RR.
Overall I'm bearish on EG but I don't see it going lower until it takes out those EQH. There is also a 4HR OB above those EQH that took liquidity. Expecting it to then go down and take out the EQL. There is so much liquidity down there.
Rejecting Monthly OB EQ at 0.66852 since August. Expecting AU to reject at daily EQH at 0.68950, retrace down to Daily OB at 0.67732 before continuing up and breaking the EQH's along the way to the Daily OB at 0.73315. Long term trade. Very long term I'm expecting the Monthly OB to be hit at 0.81373. TP's at EQH's along the way to the Daily OB.
Expecting US30 to come down to the 4HR OB and then bounce up to the Daily OB and take out the EQH on the way. There are a couple of 1hr OB's on the way but expecting US30 to come down to the 4HR OB.
