EURUSD Model Trade Logic and Analysis Error ExplainedEURUSD Model Trade
Feb 14 Asia London Marco
Logic and Analysis Error Explained
When analyzing the DXY today I stated it's parent bias is now bearish. I was looking for a long, setting up EU for a short.
My logic was that price would swing up and take the equal highs and lower to the previous sessions 50. Following that logic I suspected that the 1 and 2 were fake outs.
In hindsight I can see how price at 12:30 did lower to just above the .618 and closed in FVG, but does not lower to the second FVG.
First clue. Tips its hand to want to go higher.
At 1 price touches the inversion gap/MOG and takes off. The FVG from Jan 27 and equal highs acting as magnets/targets.
I also could have gotten in at the 2 macro as Price lower again into a first presented FVG and takes off. At 3 macro same thing again.
This is exactly what I want to see.
Remember to stick to parent bias.
Be checking all time frames for reactions at the macro times.
What and where is price reacting.
This is ICT 2022 model and fantastic price delivery.
Study and slow down and read what price is telling you.