Not much explanation is needed for this one but as far as the trend goes, I wouldn't look to buy EU any time soon. That's just me. My last setup I didn't take. It hit and went 20+5 pips but I was asleep. No worries, but I think EU is making its way down to a daily POI
The 4H Chart shows a double bottom that took a crap ton of liquidity with a strong sell. That's the POI (Point of Interest) I have marked. I'm also using it as my tp, or where ill take partials. As the chart shows, the 88.6 lines up perfectly with the sniper, or where there was a failed retest of the engulfed candle (SNIPER).
I presume price will make its way...
Again, what I post are simply ideas of what may happen.
Anyways, EU is forming a clear double bottom which i can see a lot of retail buying, im expecting banks to take liquidity then make its move around london/early new york. I want the sell off the daily. thats the main move im looking to take but also i can see this EU buy setting up.
I'll make a video explaining my idea later on today, i found the set up on the 5m and TV wont let me send it on that timeframe. If u scale down and use the values i have. OANDA broker i believe, itll give you the setup im looking at.
Once again, I'll make a brief video on it later.
This is my first video shoutout: @MonaySess my EU buddy lol
She saw this setup and sent it to me. I saw the 1m sniper setup, but I ultimately want to take this buy. The only way I can see EU selling is a break of structure on the 4h or higher timeframe.
But yeah like I said in the video, any questions you can drop a comment. But lmk what yall think :)
DXY Tanked and I hit sl on the last setup i called. I did re-sell and caught a few pips before closing early. However the spike up and fake out left an imbalance and sniper setup I'm hoping to take. Not sure where i want to take it to. Waiting to see where the HH forms. Hopefully it lines up w my fib and it's all good from there.
This is the same setup but confirmation for the Sniper. I brought the fib down a bit lower to the start of the buy to the upside which also has the 0.886 retracement level lining up perfectly with the sniper. Refer to the other analysis before this for the imbalance
Unfortunately, I missed the short because I was preoccupied, however, the buy setup did play out to the T :)
This is a nice setup for a buy, at the open of the week, the jump up left a gap/imbalance which aligns perfectly with the 88.6 fib retracement. I expect some bullish momentum here. This is also a trend-following trade off of the 4H timeframe (trendline).
Both of these snipers line up exactly with the 88.6 retest on the fib. EU also made a bullish pennant and showed a breakout but hasn't come back fo the retest. I do think it will come up before coming back down to fill the imbalance price left behind