EURUSD Idea for 31/08/2023
As big picture at 
A little bearish move to mitigate the zones, I think we will likely sweep the external liquidity from the M15 range before moving to make a new M15 leg
A little bearish move to mitigate the zones, I think we will likely sweep the external liquidity from the M15 range before moving to make a new M15 leg
Note
That was a small aggressive move up and then an aggressive move down. Shady shenanigans before the news. It has got us close to my first POI so I will be looking for confirmations. I am expecting the external to be swept, still, though Note
I'd like to see that orderflow mitigated before I make any movesNote
Looking at the dollar index, there's no way this EU demand will hold Note
DXY on Capital.com looks perfect, though. Minefield! Note
Weapon drawn Note
M15 decisional / M1 Decisional failed Note
Decisional destroyed. In extreme RN but as I said in the forecast, the M15 extreme low is the H1 IDM so a sweep is probable Note
Extreme in play. May be a valid loss if it gives confirmations only to be swept for the NY reversal Note
Valid Note
SCOB would give further confirmation which is wise because of the likelihood of a sweep of the M15 HLNote
So I got in on the sweep of the major M1 IDM. Rushed market entry though with crap RR. Note
Closed 1R. Will re enter after newsNote
So a slow day, really. One of those shady zones that I marked here came into playI said in the H4 section of the full top down analysis that the recent H4 impulsive legs may need rebalancing before we take that old H4 LH, I also said that the data would be a driver so I think NFP will tag that H1 demand and create the HL. I have seen people calling bearish but I am only bearish on the M15 and H1 while we hunt down that H4 HL. I think when the higher time frames are in crucial zones then our usual M15 timeframes get ragged around like a dog's toy. Tomorrow is NFP so I'll check the charts from time to time but I won't be getting involved, I prefer the low hanging fruit. I'll put a forecast up still, though
Note
Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
Related publications
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.
Vagrant market bully.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
No course and no challenge passing, please don't ask. Luck is what happens when preparation meets opportunity.
Related publications
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.