Euro / U.S. DollarShort
BEARISH SENTIMENT ON EURUSD
My bearish sentiment on EURUSD are backed by the following
confluences-
1) Market structure (BoS), 2) IMB-supply, 3) Imbalance, 4) Liquidity(Entry+TP/exit)
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure lower showing a
continuation in the bearish trend, and there is already
retracement of price back up, filled up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity of both Entry & Take Profit(exit) now price has successfully swept the Entry liquidity. If price successfully
reaches my supply zone and tends to respect that
supply zone, I’m expecting two things to likely happen there which are either
price sells off immediately which I’ll already be in on the trade with my first entry placed at the tip or mid range of the supply or it gives me my basic entry structure on the lower
timeframe which is a-higher high,higher low, higher high and then an impulse/aggressive lower low. Then if this emerges successfully I’ll have my second entry placed on any supply formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:2.5rr each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
confluences-
1) Market structure (BoS), 2) IMB-supply, 3) Imbalance, 4) Liquidity(Entry+TP/exit)
So my markups are done on the 4hr timeframe which is my major
higher timeframe (HTF) used.
So price has successfully broken structure lower showing a
continuation in the bearish trend, and there is already
retracement of price back up, filled up the imbalances, where this retracement of price back to my point of interest happens to be my Liquidity of both Entry & Take Profit(exit) now price has successfully swept the Entry liquidity. If price successfully
reaches my supply zone and tends to respect that
supply zone, I’m expecting two things to likely happen there which are either
price sells off immediately which I’ll already be in on the trade with my first entry placed at the tip or mid range of the supply or it gives me my basic entry structure on the lower
timeframe which is a-higher high,higher low, higher high and then an impulse/aggressive lower low. Then if this emerges successfully I’ll have my second entry placed on any supply formed on the lower timeframe. Where on both entries I’ll be targeting a minimum of 1:2.5rr each as profit target.
Note: the financial market is all about probabilities, which also
makes my analysis a probability.
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