EURGBP had a good setup but easily tookout 80% of traders due to such a tiny detail, its worth mentioning.
There was a weekly silver bullet setup and I managed to get a entry.
Sold EurCad after seeing the grab of the previous daily high and there was a 4H fvg to target lower.
Bought AUDUSD through a breakaway gap after it complied with a weekly silver bullet setup.
Bought GBPJPY from a 1h fvg towards my swing high target, a good silver bullet setup.
EURUSD went up today here I explain why I took the trade today
London session started by grabbing some sellside but not all of it which results in a lot of liquidity at buyside, its intention is to grab sellside properly then itll transition its intention to getting the buyside it manufactured.
I'll be waiting for newyork killzone. The daily power of 3 already occurred all thats left is for price to return back to a premium and it'll dip. Hopefully it doesnt drop completely down before newyork killzone. LOL
I'll be watching to see confirmation to buy and when the time is right i'll sell it.
Once liquidity has been successfully grabbed I'll be waiting for the FVG to be entered and a proper engulfing candle to enter
Expecting a short position once buyside liquidity has been grabbed and the fair value gap has been entered. Then i'll wait for an entry pattern before I enter the short
Looking for a short on EURUSD AFTER 0830 NY TIME. LIQUIDITY HAS TO BE GRABBED FIRST THOUGH
Waiting for price to retrace down and grab liquidity and enter into the Fair Value Gap
Price has reached an area of high confluence, weekly pressure is going to pull it up and we are at a significant support zone also accompanied with a valid demand zone that is below the 0.61 fib level meaning its discounted, and we also have trend line support from the 8 hour in the same region, plus has to actual go up. ITS A BUY FOR ME, LETS WAIT FOR...
Price is currently in a demand zone and will likely go up to the supply zone up, or it may keep heading down to the resistance zone and the proceed to move up
The big picture clearly shows that we are in a downtrend, however price is at resistance and has reason to spike higher in order to grab liquidity for a while. Price might still pass past resistance, but I strongly believe it will go up before it continues to keep dropping.
I break down exactly what price is doing. For intra-day traders there might be a buy opportunity forming up when price gets to hit the demand and go bullish.
Before price can go up it'll have to grab significant liquidity down, hence why we are about to go bearish atleast to a demand zone/support zone thats below. So price will either react to resistance or will break slightly above it into the supply zone that was not mitigated and will drop. We notice a head and shoulders pattern that is also now being retested. All...