EURUSD Trade Executed
June 2
4 hour chart logic
Last week Price takes sell side Wednesday. Thursday expands to the buy side stepping up from the 70 OTE. Friday was retracement to the 50 level. When price bounced off the 50 in the NY sliver bullet I suspected that we could see higher prices coming into Monday.
Minute chart logic
20:00 Asia expands immediately into a FVG and minor buy side. Admittedly I took a bad short thinking it was going to the equal lows.
*cross referenced DXY after evaluation of the higher time frame range that it would drop to its equal lows, while GBP would also rally to the equal highs
Hunting for an expansion signal
23:20 creates a swing high
23:30 Price swing low and comes back to its opening price of Asia right into a first presented FVG
*Price creates a tiny FVG
*23:55 taps the FVG and takes off
*price goes into a small consolidation
*1:00 price takes off
*1:10 I wanted to enter but froze waited for the next macro
1:50 entered
3:25 exited target of equal highs hit
I really relied on the higher time range that price would seek last Monday’s high to complete the range and for DXY to make its low.
I can see it so clearly on the 1 hour and 4 hour charts price narrative and why ICT coaches to manage bias from here. Hindsight I am desiring to trade the days range and sticking to my bias with understanding the what cycle price is in. EX Friday closes in a consolidation cycle expansion is next. Asia expansion for the win.
To be honest this trade feels like chasing price. Probably cause it is!
To study it feels better than the pips in my account.
*Price was in a premium-rule broken in taken this trade-but narrative was there
*Analysis was built from 4 hour which I m getting used to trusting-narrative was buy side was the target after taking sell side last week
*I expected a pull back from Sundays delivery, did not happen, barely made it to the 50 previous range
*Price pulling back to the 50 on Friday was key to a expansion buy today
4 hour chart is king is todays take away!
June 2
4 hour chart logic
Last week Price takes sell side Wednesday. Thursday expands to the buy side stepping up from the 70 OTE. Friday was retracement to the 50 level. When price bounced off the 50 in the NY sliver bullet I suspected that we could see higher prices coming into Monday.
Minute chart logic
20:00 Asia expands immediately into a FVG and minor buy side. Admittedly I took a bad short thinking it was going to the equal lows.
*cross referenced DXY after evaluation of the higher time frame range that it would drop to its equal lows, while GBP would also rally to the equal highs
Hunting for an expansion signal
23:20 creates a swing high
23:30 Price swing low and comes back to its opening price of Asia right into a first presented FVG
*Price creates a tiny FVG
*23:55 taps the FVG and takes off
*price goes into a small consolidation
*1:00 price takes off
*1:10 I wanted to enter but froze waited for the next macro
1:50 entered
3:25 exited target of equal highs hit
I really relied on the higher time range that price would seek last Monday’s high to complete the range and for DXY to make its low.
I can see it so clearly on the 1 hour and 4 hour charts price narrative and why ICT coaches to manage bias from here. Hindsight I am desiring to trade the days range and sticking to my bias with understanding the what cycle price is in. EX Friday closes in a consolidation cycle expansion is next. Asia expansion for the win.
To be honest this trade feels like chasing price. Probably cause it is!
To study it feels better than the pips in my account.
*Price was in a premium-rule broken in taken this trade-but narrative was there
*Analysis was built from 4 hour which I m getting used to trusting-narrative was buy side was the target after taking sell side last week
*I expected a pull back from Sundays delivery, did not happen, barely made it to the 50 previous range
*Price pulling back to the 50 on Friday was key to a expansion buy today
4 hour chart is king is todays take away!
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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.