Short on EURUSD
Updated
Short on EURUSD with the presence of a higher timeframe run on liquidity, and a 15 minute breaker(blue lines), followed by a 15 minute fair value gap (yellow lines) right across from the breaker. Price traded into both the breaker and fair value gap and has respected the area. On the 5 minute time frame we can see price respecting a few more FVGs recently. Targets at best may be about 50 pips below at sellside liquidity, however we have the Jackson Hole Symposium today which might add a bit of extra volatility to the markets. This is definitely a scalp idea depending on the PA after the news.
Order cancelled
Looks like price may tag us out today. Only instance when the ICT breaker setup seems to be invalid is when there is high impact news after the setup has formed. I've exited the trade for now.Trade active
Reactivated trade as price trade back up into breaker and rejected the area. I will cancel if price attempts to touch the breaker a 3rd time.Trade closed manually
2nd entry stopped out with minimal loss. Not enough movement for my liking but nice to basically breakeven for the day, even though things didn't go as planned.
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