EUR USD Idea
As our grand Bullback and Continuation Theory from yesterday could still be in play, there is a critical observation to consider: our daily candle wick 1.10089 closed only over the previous range high. From years of trading experience, this is not a bullish move warranting full risk on the bullback.
To think like a professional trader, if the market maker didn’t push these highs, what's the reasoning behind it? Did they just grab liquidity and go short, or are we still on the path to continuation? The answer is elusive. Therefore, my swing trade idea here will be scaled down in terms of risk.
Here’s my warning if you have a similar trading plan: Be patient. Market makers are extremely tricky, and there's no need to let them hit our stops. Wait for a 4-hour shift before making a trade.
We will keep our ideas posted, so stay tuned and let's navigate the market smartly!
To think like a professional trader, if the market maker didn’t push these highs, what's the reasoning behind it? Did they just grab liquidity and go short, or are we still on the path to continuation? The answer is elusive. Therefore, my swing trade idea here will be scaled down in terms of risk.
Here’s my warning if you have a similar trading plan: Be patient. Market makers are extremely tricky, and there's no need to let them hit our stops. Wait for a 4-hour shift before making a trade.
We will keep our ideas posted, so stay tuned and let's navigate the market smartly!
Daniel P. Fadejev
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