Euro / U.S. DollarShort
EU Short idea as we approach NFP
Last week, EU went down after it touched a 1D Low crossing through a 1D FVG.
I believe this trend should persist as I recently discovered a 1W Sellside Liquidity Pool, and major news such as NFP are when Smart Money look to capitalize on those quickly.
(My mentioned non-concern on the trade's drawdown is because of ICT's Power of 3. Manipulation -> Accumulation -> Distribution.
In the context of a bearish trading day:
Manipulation: Price goes above the NY Midnight Open
Accumulation: Price consolidates and/or takes liquidity above the Open
Distribution: Often called "the real move". Price would enter a downtrend afterwards if Smart Money wants to push it down today.)
My HTF perspectives:
1D
1W
I believe this trend should persist as I recently discovered a 1W Sellside Liquidity Pool, and major news such as NFP are when Smart Money look to capitalize on those quickly.
(My mentioned non-concern on the trade's drawdown is because of ICT's Power of 3. Manipulation -> Accumulation -> Distribution.
In the context of a bearish trading day:
Manipulation: Price goes above the NY Midnight Open
Accumulation: Price consolidates and/or takes liquidity above the Open
Distribution: Often called "the real move". Price would enter a downtrend afterwards if Smart Money wants to push it down today.)
My HTF perspectives:
1D
1W
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