EURUSD Idea for 25/08/2023

Expecting more downside after we have mitigated a supply zone. I have marked out the ones I will be watching though EU's pullbacks have been weak as the higher time frames push us down hard.

We have news scattered through the day

Trade active

Shorted off the sweep of the M1 high. Asian session low as target

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BE hit. I will continue looking to scratch a few percent out as I am not expecting any wildly profitable moves, today

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Be and then straight to target. EU is spiteful this morning :)

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This idea was invalidated when we took the M15 low. I will create a new idea when there's some structure worth mapping

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I have the updated map ready in a new idea but this M15 candle close is crucial so I will wait to publish it officially. Those of you who dwell here in the gutter with me can have a look, though :)

The new BoS was invalidated when the new leg failed to create in inducement which meant the and inducement and new high was also invalidated. Now the new inducement has been taken, the low has shifted so we have our range but price could potentially sweep this IDM and drop, this is why I need to wait for this M15 to close

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The label off the screen in the screenshots says 'New LH invalid, now IDM'

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Early sign of a sweep so I have put a half risk position on

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Risky

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Tagged in on my personal account with raw spread but no funded accounts to far. What I would like to see is the M15 close leaving a wick over the IDM and then coming back to retest it. Tagging in all my accounts

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So, the risk now is that it gets swept again which is typical of August, necessary to generate the liquidity to move the market. If that happens I will take the loss and re-enter of the new DOL

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Loss.
0 win
1 BE
1 Loss

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I am looking for an entry on the M15 IDM sweep as we have not closed above it yet hence it hasn't failed

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M15 IDM failed but not without taking an R off me so I will be looking to squash that loss. New Idea posted

Trade closed: target reached

Kram_Capital

Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.

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Kram_Capital

Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.

Also on: