Euro / U.S. DollarShort
Possible EURUSD Short
- Block to block trading on the 15min and 30min charts
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
Currently price is inside a fairly strong bearish block in terms of volume. - However the block has been tapped before which makes it weaker.
If london opens and sails through it then target the upper block and watch for signs of weakness. to catch a short. Scenario B
If London opens and breaks Asia lows we could test the bottom block again. Scenario A
Larger TFs are in a clear down trend.
- Blocks are valued on Volume, Williams R % and the amount of times they have been tapped.
- Always wait for price action to confirm the trade before taking it. 1-5min.
- Stops should be other side of the block.
- Move SL to BE as soon as you can
- Trail SL on 1min / 5min - Take what you can, give nothing back.
- TP's are always hypothetical targets.
Currently price is inside a fairly strong bearish block in terms of volume. - However the block has been tapped before which makes it weaker.
If london opens and sails through it then target the upper block and watch for signs of weakness. to catch a short. Scenario B
If London opens and breaks Asia lows we could test the bottom block again. Scenario A
Larger TFs are in a clear down trend.
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