LONG EURUSD scalp
Updated
- H4 bullish bias
- Price retraced to discount area of previous price leg into a M15 FVG
- Market structure shift with displacement, creating a M5 FVG
- Multiple returns into M5 FVG
SL below M5 FVG candle
TP1 + BE Asian range high
TP2 symetrical swing, 100% fib extension
Cons:
- London open may wipe out stops before moving in the opposite direction
- Outside of ICT kill zone
- Price retraced to discount area of previous price leg into a M15 FVG
- Market structure shift with displacement, creating a M5 FVG
- Multiple returns into M5 FVG
SL below M5 FVG candle
TP1 + BE Asian range high
TP2 symetrical swing, 100% fib extension
Cons:
- London open may wipe out stops before moving in the opposite direction
- Outside of ICT kill zone
Note
It would probably have been wise to wait for the London session to open really.Note
That was very close to the stop, but there is hope:- price has moved below the NY opening price (which should have been a requirement before having a trade idea really - broke the rules there!).
- this could indicate a power of 3 formation is at play
- price has now bounced energetically off a M1 FVG, within the M15 FVG, which may points to some big boys being in the game
Trading in the zone: I am certain of uncertainty.
Note
Nope thats it. Game over for this trade. Wait and see what the London Open has to offer.Note
London Open, Sell side liquidity taken, so it should go up from here!Note
I give up for today. It just wants to go down.Trade closed: stop reached
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