EURUSD Trade Executed London
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. It did. When price did not take the equal highs, I suspected a consolidation until London macro and anticipated a expansion move, to the down side.
London Framework
Trade framework
* Price in a premium market -DXY in a discount market
*1:39 fake swing,I did consider that price may want to take the equal highs it created and to be cautious
*1:55 price rolls over, elements of 2022 model were in play
*2:24 price swings up again with 2022 candle formation, swing low, displacement, FVG
3:00 swing low broken
3:02 entry with a fumble on my entry price
5:01 exit at second target
Very happy with the analysis and logic to frame this trade. My entry could have been tighter I lost 8 pips trying to enter, all good.
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. It did. When price did not take the equal highs, I suspected a consolidation until London macro and anticipated a expansion move, to the down side.
London Framework
Trade framework
* Price in a premium market -DXY in a discount market
*1:39 fake swing,I did consider that price may want to take the equal highs it created and to be cautious
*1:55 price rolls over, elements of 2022 model were in play
*2:24 price swings up again with 2022 candle formation, swing low, displacement, FVG
3:00 swing low broken
3:02 entry with a fumble on my entry price
5:01 exit at second target
Very happy with the analysis and logic to frame this trade. My entry could have been tighter I lost 8 pips trying to enter, all good.
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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.