$EURUSD Short - Pulling Back For Another Sell
Updated
I have two depictions as to what could happen and one may have already happened but I don't think so. It has barely touched the 15 minute order block for it to be selling already and there's too much movement in the 5 min chart that Il'll show here.
There are two 5 min order blocks that price could reach before returning lower. The first around 1.8305 and the second around 1.8412. This could used to add another position to a swing sell I have that related to this idea (which is why you see the TP1 running through the middle of my charts) or it can be a quick 20-30 pip scalp. depend on which position you choose and which it actually goes to.
it appears to be enticing buyers with a stop loss but I don't think that's all it's doing is trying to attract buyers.
Fingers Crossed.
There are two 5 min order blocks that price could reach before returning lower. The first around 1.8305 and the second around 1.8412. This could used to add another position to a swing sell I have that related to this idea (which is why you see the TP1 running through the middle of my charts) or it can be a quick 20-30 pip scalp. depend on which position you choose and which it actually goes to.
it appears to be enticing buyers with a stop loss but I don't think that's all it's doing is trying to attract buyers.
Fingers Crossed.
Note
No you haven't missed the move. As you can see from my earlier projection I had it going down before it came back up for the actual move, and that's because of the 5 min buying order block. It should retrace a little higher enticing more buyers before falling below the current low or the second one I have charted out here, which is the TP 2 for the related swing sell. It's an equal low on the 4 hour chart.Note
One thing I didn't see was the breaker. (Yellow dashed line) it may sell from here. Let's see if it trades above it. Trade closed manually
I'm deleting pending sell limits. It didn't do what I wanted it to do before London Close. Too risky now and could turn north.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
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