EURUSD Bias Analysis: Daily displacement higher out of order block and OTE, with the 4H trending higher presented an optimal alignment entry which aligned with the 1H range for the day. After an impulsive protraction into 1H EPD which was within a 4H OB & 1H FVG, entry confirmation was received and a long position was executed.
GBPJPY Bias Analysis: The daily pulled back aggressively into EPD and with a 4H bullish trend prevailing, The market presented a resistance setup which aligned with the 1H range. Also protracting impulsively, price pulled back into confluent 4H & 1H FVG's which were within 1H EPD, meeting trade parameters which led to a long execution once entry confirmation was received.
Grade:
EURUSD: High Probability
GBPJPY: Valid
What I did well or could've done better:
- Stuck to the plan and executed positions, despite impulsive price action into my entry region.
- My take profit order on MetaTrader did not align with how I had frame my position on TradingView. While this led to closing out a larger profit than anticipated (this time), in future, this could lead to TP orders not being filled and walking away with less profit than anticipated.
GBPJPY Bias Analysis: The daily pulled back aggressively into EPD and with a 4H bullish trend prevailing, The market presented a resistance setup which aligned with the 1H range. Also protracting impulsively, price pulled back into confluent 4H & 1H FVG's which were within 1H EPD, meeting trade parameters which led to a long execution once entry confirmation was received.
Grade:
EURUSD: High Probability
GBPJPY: Valid
What I did well or could've done better:
- Stuck to the plan and executed positions, despite impulsive price action into my entry region.
- My take profit order on MetaTrader did not align with how I had frame my position on TradingView. While this led to closing out a larger profit than anticipated (this time), in future, this could lead to TP orders not being filled and walking away with less profit than anticipated.
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.