EUR/USD - London Session June 16 '23EUR/USD trade idea. Main concept behind this is return to fair value after manipulation of the Asian high on London open. Trade is aggressive because price didn't close below the range when breaking out on m15, not confirming a strong market structure shift. On HTF we reacted on a nice FVG and we are looking for a bearish move below to seek balance around the 50% level of the swing we are currently on. Good luck traders
Marketstructureshift
EUR/USD SHORTThere is a MSS (Market structure shift)
From there i think that the price gonna go to the FVG that you cabn see on the 3 min above the 50% where the premium level is
Thee FVG is between the HIGH of 1.06150 an the LOW 1.06127
Er is een MSS (Market structure shift)
Ik denk dat vanaf daar de prijs naar de FVG gaat gaan die kan je zien op de 3min chart die ligt boven de 50% level van de FIB
De HIGH van de candle is 1.06150 en de LOW is 1.06127 daar tussen zal de prijs komen en vervvolgens bearish gaan.
Tot dan
Je trader
Princejr
📊 Market Structure: BOS VS CHOCH📊What is market structure?
Market structure is the levels that are created by the price of any currency as it moves up and down.
Price never moves in a single direction for too long. It always takes a few steps in one direction, then moves a few steps back, then a few more steps, then a few steps back.
Over time, these steps form distinct structures in the market: zones of consolidation, zones of support, zones of resistance, and zones where price impulses up and down.
Market structures that form in the past are often respected in the future, and analyzing previous market structure can form a basis for a trading plan.
BoS carries on in the same direction it was initially heading in where as a CHoCH can be viewed as the Markets turning point
🔷BOS - Break of structure forms in the direction of the trend creating continuation patterns.
Break of recent Lower Low when bearish or break of recent Higher High when bullish.
🔶CHOCH - Change of character form at the end of a trend. For example, if we see an uptrend in the market, characterized by higher highs and higher lows,
this means that the overall trend remains bullish. However, when a new high is formed and then impulsively broken to the downside,
this could signal that the bullish trend might be coming to an end, and that a possible choch transition may be happening.
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