EURUSD Trade Executed
May 25
PreMarket Analysis
Parent bias Bull
Previous session
Monthly
Expansion cycle opening above the .618 in a Premium, with a sell off wick, expecting the expansion to continue.
Weekly
Candle fractal is a expansion with equal highs and FVG as magnet to reach for.
Fridays delivery expanded in Asia consolidated in London then expanded to take buy side, retraced lower in London close, news manipulation to expand to the equal highs, did not take but went in to consolidation
May 26 Ideas
Premarket analysis logic suggested that Asia will expand to equal highs.
Trade framework
*18:00 Price consolidated to Asia open
*18:25 FVG Price tests this candle several times
*20:00 price expands creating a FVG
*Price comes back down
*20:15 entered
*22:48 exited when it did not look like price would take the equal highs
So happy that I studied this weekend and watched the DXY/GBP to cross reference the trade for the likely hood it would expand to the buy side in a expansion cycle.
Entries are getting tighter and exits are also getting better.
May 25
PreMarket Analysis
Parent bias Bull
Previous session
Monthly
Expansion cycle opening above the .618 in a Premium, with a sell off wick, expecting the expansion to continue.
Weekly
Candle fractal is a expansion with equal highs and FVG as magnet to reach for.
Fridays delivery expanded in Asia consolidated in London then expanded to take buy side, retraced lower in London close, news manipulation to expand to the equal highs, did not take but went in to consolidation
May 26 Ideas
Premarket analysis logic suggested that Asia will expand to equal highs.
Trade framework
*18:00 Price consolidated to Asia open
*18:25 FVG Price tests this candle several times
*20:00 price expands creating a FVG
*Price comes back down
*20:15 entered
*22:48 exited when it did not look like price would take the equal highs
So happy that I studied this weekend and watched the DXY/GBP to cross reference the trade for the likely hood it would expand to the buy side in a expansion cycle.
Entries are getting tighter and exits are also getting better.
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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.
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.