MORE LIVE TRADING: AU, EU, AND GU Sharing more live content. Limited commentary as I am trying to focus on seeing if we have setups. I was analyzing GU for the majority of the morning and it is not moving correctly. It is aggressively swinging and no clean set ups present. I was also waiting for EU to present a move and missed it by missing the last high/low area. Missed two 11RR longs/hedges from the 5s. Hopefully I can find something else prior to my work day. Not seeing anything on AU right now.
Institutional_trading
EURGBP SHORT / SELL $MART-MONEYWe broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle.
Confirmations in this trade:
Fib Retracement leveles 78.6% - 88.6% (Red area)
Institutional move / candle
Mitigation
50% of entire push up prior to the drop. (POI)
Higher time-frame structure
Break of structure in 1H
Risk to Reward over 1:3
Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area
EURUSDAlthough i did not have a worthy trade setup on wednesday, EURUSD provided an amazing trading week for many, this is the perfect example of what true institutional trading and market manipulation is all about. If you know what you are looking for, the market becomes your play ground. learn the truth of the market and stop following these IG "gurus" that mostly mislead you and fill you with retail useless information.