SM sees this as an opportunity to get more people motivated to get on the short side as they usually do. So they can take your liquidity to build positions/ dealing with customer order flow..tight risk 7 pips best viewd through Range Bars
price tested value area low of 5 day composite (Balanced area yellow box),
showed strength below asian lows from yesterday and ripping higher !
Low risk Entry 25p SL max, looking to get a 4+rr trade or better if Euro crushes higher
Short opportunity setting up (if price/volume confirms weakness) right from the 20d Low Volume Node & Value Area High (red lines- rectangle)
Target: yday Volume point of control (red line)
Edit: All Prices are taken from the Futures Contract 6E (Euro Future)
let me know what you think!