EURUSD May 20 Failed Trade
Daily Chart Analysis
Parent range equilibrium
Previous range Premium
My idea of price selling off to inefficient delivered price action yesterday, was NOT the Marco London move.
What I over looked today on HTF analysis I see in hindsight now or what I am studying as result of being wrong.
*HFT May 12 Monday made a low to the 70 HTF fib
*Price retraces and returned to open and close in the same tight range, consolidating-building in orders
*yesterday I executed a buy day with this HTF logic of price seeking the 50 HTF fib level-last week price was in a discount and this week heading to a premium
*Yesterday Price expands to the 50 fib HTF to it and through it-celebrate my idea and trade being correct
*Price closes in a premium just above the 50 HTF fib
*Logic said intraday retracement of inefficient price to have a sell off day in London
Going to continue the breakdown of this trade on the hour to the minute.
Daily Chart Analysis
Parent range equilibrium
Previous range Premium
My idea of price selling off to inefficient delivered price action yesterday, was NOT the Marco London move.
What I over looked today on HTF analysis I see in hindsight now or what I am studying as result of being wrong.
*HFT May 12 Monday made a low to the 70 HTF fib
*Price retraces and returned to open and close in the same tight range, consolidating-building in orders
*yesterday I executed a buy day with this HTF logic of price seeking the 50 HTF fib level-last week price was in a discount and this week heading to a premium
*Yesterday Price expands to the 50 fib HTF to it and through it-celebrate my idea and trade being correct
*Price closes in a premium just above the 50 HTF fib
*Logic said intraday retracement of inefficient price to have a sell off day in London
Going to continue the breakdown of this trade on the hour to the minute.
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.
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.