EurAud Sell Opportunity
I believe EurAud will drop simply because it’s formed a lower low and a lower high on the daily timeframe, hence a bearish structure.
The reasoning behind my entry, is because there was a liquidity capture with that institutional candle (highlighted yellow candle), clearing equal highs (highlighted red ish).
The specific entries are at the body and 50% of that institutional daily candle where the banks will mitigate their positions, which also aligns within my Fibonacci kill zone.
The reasoning behind my entry, is because there was a liquidity capture with that institutional candle (highlighted yellow candle), clearing equal highs (highlighted red ish).
The specific entries are at the body and 50% of that institutional daily candle where the banks will mitigate their positions, which also aligns within my Fibonacci kill zone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.