Looking for a retrace, new liq. sweep that will make an nice order block then enter on BOS confirmation. These confluences will give a solid short position with a nice 2R with a good stop buffer and previous session highs. This draw down is result of bad EU news and the US not cutting the interest rates just yet leading to a strong dollar. These shorts will...
Looking for pull back after the liquidity sweep and orderblock shown on chart. Low risk day because of FOMC trade carefully.
I previously made a post about shorting EUR/USD however if price is to break above the order block I will be looking for longs!
We have a liquidity sweep and order block forming on the upside. As we look for the break below equilibrium and a full break of structure we will short and target previous lower levels of liquidity. Keep in mind news is strong this week with FOMC on wed. and Unemployment on Thur.
Price has had a nice BOS after the liquidity to the downside. We're looking for the retrace back to the FVG to take shorts to the previous lower liquidity levels. If you're into patterns this would be a clean "head & shoulders"!
Looking for the right signals for a long, Everything is explained on the chart. If I do not get the confluences I want I will not take the trade. If price action takes out lows I'll look for liquidity, retrace, or reversal and reaccess my trade for shorts. Major news coming out for USD this week so stay frosty!
We should see an impulse move down during the London session, then a large reversal that will start the wave to 100k levels throughout this next week. BITSTAMP:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD
If price action breaks below 97'1K we should start to see the decline back down to the pivot at 96'2K