Liquidity below the los

EURUSD sell.
Price taken out previous day highs. Looking to grab liquidity below previous day low

Note

ADP Non-Farm Employment Change supporting our short idea

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Unemployment Claims as well strengthening USD

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Price collected sell side liquidity in the form of london lows. Moving towards our set entry

Order cancelled

Price moved 20 PIP in the direction of the trade but we missed entry with 1.5 PIP.
Price has been consolidating for while. Cancelling the entry now.

Note

Good reversal from the area after forming head and shoulder pattern on 1 min TF

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Engulfing candle formation on 15min. Good sign for sell position

Trade closed manually

Trade closed. Price consolidating again with drop in volume

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Good move 30+ PIP after the trade is closed.
Will be looking to reenter within the same area again.

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Could see good momentum below 1.092

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I would have gone break even now. After closing 50% quantity current price. But all position are closed from my side with 1:1 RR

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As expected good bearish move below 1.092

Trade closed: target reached

TATA! BYE BYE! GAYA
Target Hit

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