EU is Bearish on HTF
During Sunday Market Review we had previously anticipated a short position targeting swing lows, but mostly based on MTF/LTF structure, where we saw CH and a potential pull back to MTF/LTF POI. Unfortunately those POI and CH were all trap that were used to fuel bullish pressure to mitigate POI/IMB. mind you this IMB mitigation had happened on extreme zone with momentum which falls within our High probability setup. I took 1% L on this trade.
Since our trading idea has been invalidated we are seeing a potential High probability setup which aligns well with DXY in an opposite direction. The POI is valid since it led to BOS>internal CH> left LQ>left POI with Momentum> Extreme zone.
The market might push a little bit higher and mitigate the POI before we see internal CH which will serve as our confirmation entry for shorts, targeting swing lows. would be absolutely a beautiful trade with Good RR. The move will also be backed by fundamentals taking place tomorrow which might lead to a dollar strength and EU weakness. (I am not a fundamental trader nor can precisely predict news impact on the market)
Sometimes you just have to accept things as they are and move on with high hopes for the future. you honestly can't let losses become your burden. Take it>reflect>improve. other-wise you will end up missing out on the greatest moves just become you pity yourself and stressing about what has taken place.
During Sunday Market Review we had previously anticipated a short position targeting swing lows, but mostly based on MTF/LTF structure, where we saw CH and a potential pull back to MTF/LTF POI. Unfortunately those POI and CH were all trap that were used to fuel bullish pressure to mitigate POI/IMB. mind you this IMB mitigation had happened on extreme zone with momentum which falls within our High probability setup. I took 1% L on this trade.
Since our trading idea has been invalidated we are seeing a potential High probability setup which aligns well with DXY in an opposite direction. The POI is valid since it led to BOS>internal CH> left LQ>left POI with Momentum> Extreme zone.
The market might push a little bit higher and mitigate the POI before we see internal CH which will serve as our confirmation entry for shorts, targeting swing lows. would be absolutely a beautiful trade with Good RR. The move will also be backed by fundamentals taking place tomorrow which might lead to a dollar strength and EU weakness. (I am not a fundamental trader nor can precisely predict news impact on the market)
Sometimes you just have to accept things as they are and move on with high hopes for the future. you honestly can't let losses become your burden. Take it>reflect>improve. other-wise you will end up missing out on the greatest moves just become you pity yourself and stressing about what has taken place.