Found a trade worth looking at IF i get the entry and reaction i want. Price needs to retrace to substantiate proper market structure which is coincidentally seeking liquidity to the downside, then target a pool of liquidity to the upside. Now i dont like EU so not my strongest pair
Price is in a 4hr OB, past two weeks made a strong bullish move, might seek liquidity before continuing higher
Just an idea here, for me the move had already played out
Price is retesting daily low while it is in its current downtrend. Although it makes sense i will be treading lightly as it can go higher based off of weekly support
Price will probably test support most relevant to current price before continuing long. I think it will however come back down to absorb some liquidity
Price is currently at weekly support. Strong bearish move from last week
Price is probably going to seek liquidity. SL is set at 25 pips per my rules of trading 25-30 pips at most. Anything more than that is guessing
I see a liquidity void and a liquidity candle. overall im looking for a retracement and price may retrace deeper than in this image, let watch and see
really dont like EU. here's an analysis
Liquidity has been sought looking for a bearish reaction to continue the trend
Little bit of an early entry but there is liquidity to the downside and major monthly support at the target i have.
Price broke previous high, waiting for the retest now
Think price will retrace to the 1hr inverse H&S neckline then go and seek liquidity.
I think price will go up a bit but the main trend is down
EU is probably my least favorite pair. Disgusting. I think it will seek liquidity before going higher