Price has been in a consolidating pattern for over a week on EURUSD. Last week (3rd week of January) saw a distribution pattern emerge. We have currently made a HH after a strong bearish impulse to 1.0782.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
I would be watching for breaks in structure now as the signal to sell to 1.0603.
*As always, trade cautiously.
Trade active
I took my sell entry. Would keep watching to manage the trade.Trade active
There's going to be a pullback, trade cautiously.Note
I might be looking for a buy setup to sell entry in NY session.Trade active
I took a buy position to sell entry.Trade active
hmmm, there might be a pullbackTrade active
I would be expecting a pullback into NY session.Trade active
Buying...Trade active
All trades risk free.Trade active
hmmm, this is not good. Price doesnt look like it would break the recent high. I would wait for a 5mins, retest to close the buy positions, and sell.Note
This is what I am expecting.Trade active
Entered.Trade active
I took another entryTrade closed: target reached
Tp'd And EURUSD sell is confirmed.Note
I would be expecting this price action to preserve the bearish momentum.Note
I am waiting for LIQUIDITY to be taken out, then I would sell on BOS lower.Trade active
I am monitoring these entries, but I have entered sell positions.Trade active
took new entries.Note
closed my positions yesterday, SL hit my BE.Note
I would be watching for price reversal at this zone.Trade active
Price action is making me consider price doing this:Trade active
Holding to TP.Trade closed: target reached
TP'D. Would be watching for reversal now.Note
I am waiting to see if this high would be broken to confirm bullish momentum. Overall, it is still a distribution pattern.Note
Currently, I am still watching, but my sell bias is over.Note
Last trade setup for the day and hopefully for this sell analysis.Note
cancel the last setupNote
Good morning Trade active
Trade closed: target reached
My Sell bias for EURUSD is over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.