I think price will go to 0.96080
With that in mind we see price just came off that weekly fair value gap and broke structure to the downside
Guessing a fair value gap will form on the daily to facilitate shorts
On the 4H I'm expecting a pullback into premium before I consider shorts
But for day trades you can try to buy this as the pullback may seem as a trend...
I took a buy trade on GU today and I got stopped.. Price reacted to my first level of interest at 1.30063 but couldn't exceed expectation. Now I'm stalking 1.29923 for a possible long entry. Going counter to last week's trade
Price has reached our weekly bear orderblock level and we see price consolidating. We want to see a good bear reaction form that level.. This may unfold prolly tomorrow or next week. Just waiting for the right time. 90% waiting 10% trading
This is a trade we took today on EurUsd based on market structure and invalidation points... trades still running with partials taken. We are still bearish but longterm bullish on the DXY just waiting for confirmation for short term sells.Good Luck Good Trading
Price broke bullish structure (seems more like a pullback to me to get long) into bullish breaker and we saw price move aggressively to the upside. Price is trading in a range now, a swing low and a swing high has been highlighted waiting for a bullish or bearish break of structure.
We were expecting to see higher prices into 86.000 but we saw a shift in market structure from bullish to bearish after two attempts to move price higher by the bulls creating a double top pattern, price is currently trading below the 9 and 18EMA on the Daily timeframe and 4H which makes us to be bearish on this pair. Waiting for a minimum pullback at 0.618 fib...
Price is currently trading at daily bearish order block and here on the 15min we have a shift in market structure, price is approaching a resistance level and I'll be looking for some opportunity to enter a short position. Overall target just below the 1.20600 price level
But higher timeframes are bullish at the moment so I'll be very conservative on this one....