EURUSD May 13 Trade ExecutedEURUSD
May 13
Trade Executed
Premarket Analysis & Narrative logic
*Friday Price Asia swings low to sell side. London retraces Thursdays delivery. NY session retraces to sells off.
*I suspected for Sundays delivery to take the equal lows and a deeper sell off
*Sunday delivery to Asia price retraces the previous range to 50% and consolidates
Expected a expansion cycle to occur-time to look for the sell off set up
*Admittedly these consolidation ranges burn me, I go in too early or too late, too eager.
*Cross reference GBP it did not take its key lows tipping its hand thats where GBP would go
*DXY consolidated in the top side of FVG tipping its hand to seek higher prices
Asia
Prices retraces in the .618 range appears to be breaking down coming into London.
2 macro price swings up-judus swing
2:30 creates a swing low and takes the minor buy side equal highs
2:31 energetic displacement candle-good sign
2:35 creates a FVG and breaks the swing low
2:37 is model 2022 entry but Im not in a Macro so I waited for more info
2:51 enter into a first presented FVG candle 1:56
Price knocked me out at my TP-equal lows
First target equal lows also 1 standard deviation
I saw the candles at 3:15 and felt it would run to the 2 standard deviation but my balls are not big enough yet when it drops like that. It basically scared me!
WOW! great delivery. Great analysis and cross reference of DXY and GBP to support me.
What I learned
Trust your morning analysis and stay out of the noise-minute charts. The minute candles really mess with me as my emotions get jared and put doubt in my head.
Im pressing DEMO buttons!
I was cautious and almost did not take this trade, due to selling in a discount logic.
Very happy with this trade.
Holding for second deviation when I saw the candle formation was a retracement is a take away.
