EURUSD April 8 Trade ExecutedEURUSD
April 8 Trade Executed
Analysis coming into the Asia session
*Price in discount previous session and recent range
*Previous session Price takes sell stops in NY am session comes back down again at 16:00
*Price closes NY in a small consolidation cycle
*Expect an expansion in Asia
*Asia could come to the 50 level
*cross referencing DXY discerning it was in a Premium and likely to seek lower to its 50 level
Model factors met to take the trade
*Liquidity was taken and tested again
*In a deep discount price will want to seek the equilibrium level
*On smaller timeframes price
*18:00 price makes a swing high
*Price comes into a FVG twice to test and then creates a FVG energetically moving to buy side
*20:00 open of Asia creates a large displacement candle
*20:09 inside the 20 macro I entered
*22:40 I exited at the 50 level
i had the equal highs as a target, however what I focusing now is low stress in and out trade model repeatable
I also wanted to practice my greed wanting more and controlling that need for a clean trade!
My model consists of many blending of ICT SMC and this 1 trade model I am back testing is when price is in those deep discounts/premiums at the .79 with liquidity taken HTF target and coming out of a consolidation cycle its getting clearer to see that the 50-equilibrium level is a logic trade.
The value of knowing what cycle price is in, is so important along with premium/discount and PD array.
Very happy after weeks and weeks of not trusting my analysis and so much discernment, today marks the foundation I can take forward to continuing my back testing this model for consistency in prep for my funded account challenge.
Excited to back test 1 model now that I think I m getting it. So cool.
