EURUSD Possible Trades
Updated
Goodday traders,
Price showed me strong Bearish momentum last week.
Im looking for price to retrace in the beginning off the week to fill more Shorts mid term.
For today if price retraces in the NY session i will be looking for a possible Long to take out BSL.
The Long POI is under a current bullish swing, so im expecting people that are long to place there SL under the structure,
and with it a chance for the market to take out the buy stops and new people trying to long on a obvious zone.
Note that it can also hold the bullish swing and continue higher from there.
The zone im playing my longs is untested 5min imbalance,
creating a probability that there would be still long orders waiting to be filled.
I will watch price for potential short entries if it will reach the short OB above.
Can be a setup for tomorrow.
No financial advice.
Dave
Price showed me strong Bearish momentum last week.
Im looking for price to retrace in the beginning off the week to fill more Shorts mid term.
For today if price retraces in the NY session i will be looking for a possible Long to take out BSL.
The Long POI is under a current bullish swing, so im expecting people that are long to place there SL under the structure,
and with it a chance for the market to take out the buy stops and new people trying to long on a obvious zone.
Note that it can also hold the bullish swing and continue higher from there.
The zone im playing my longs is untested 5min imbalance,
creating a probability that there would be still long orders waiting to be filled.
I will watch price for potential short entries if it will reach the short OB above.
Can be a setup for tomorrow.
No financial advice.
Dave
Note
Price reacting on the bullish structure above,This can be long indusements to possible trap any longs later.
Watching the 15:30 UCT +1 timing, can see some manupilation move down to fill my area.
Note
Removing my Long trade.Did not fill my possible setup.
Will keep interest in the short levels now.
Order cancelled
Price not showing what i want to see to go short in my short zone yet. Its rejecting but not showing a nice break to the downside.
Will be looking for potential shorts tomorrow with the londen session.
See you tomorrow.
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