barrysyx

barrysyx

After yesterday's disastrous CPI news, EURUSD tanked from the strengthening of the USD and we can see a PDL OB formed on the EURUSD. Although it is a strong bearish trend on the intraday timeframe, I know that price doesnt go in one straight line direction and counter-trend moves are needed to build liquidity for the inevitable bearish move down. Recognising...

barrysyx

Today we can observe a ChoCH aka "Change of Character" of the EURUSD trend from bullish to bearish on the lower intraday timeframe since the higher low was broken because of the high CPI news. What this means is that the higher timeframe bearish trend is set to resume officially after the retracement we had in the past 2 weeks. As an SMC trader, I see potential...

barrysyx

Today we see another break of the Asian Range towards the downside. As with always, we wait for a retracement to EURUSD premium pricing to the orderblock for good short entries. Sell limit got triggered on the 50% fulfillment of the Supply orderblock - almost hit stoploss but it is now in-the-money currently at 4R

barrysyx Updated 

Once again we see a breakout of the Asian Range towards the downside. However we do not FOMO trade and we wait for retracement to premium prices for good sell entries 1) Sell limits on the 50% fulfillment of the breaker block 2) Sell limits on the 50% fulfillment of the order block Alternatively we can take both sell limits. Manage your risk and you can still...

barrysyx Updated 

Today we have GBPUSD mitigating off the H4 Bearish Order Block and approaching the H4 Bullish Order Block. TP level is set at 0% fulfillment of the H4 Bullish Order Block for a sweet 21R because there are rare instances where price takes off at 0% fulfillment and we don't want that to happen. Nothing is more painful than seeing your profits getting eroded (more...

barrysyx

Here we can see 2 different possible entries after price broke out of the Asian Range. We will wait for the retracement to : 1) 50% fulfillment of the Breaker Block 2) 50% fulfillment of the Order Block For today in this case, price failed to mitigate off the breaker block but successfully mitigated the order block for a solid 10.79R trade. If you have taken...