EURUSD
April 29
Trade Executed and Stop loss taken
Asia Session
Coming into Asia Price was in a premium on the previous range. NY session price took buy side liquidity and rebalanced only the bottom half of a 15M FVG.
Logic and elements to the setup
Liquidity taken
Premium session with logic that Price would seek the 50 level 1.13777 and equal lows
Macro time 19:00
Smaller time frame analysis and elements that made me take the trade
*17:00 Price creates a swing low
*18:05 4 candle pattern that breaks the swing, break of market shift
*18:10 FVG created
*18:50 entry
First target the 50 level 1.13777
I executed this trade and got stoped out. Happy that my trade idea was successful and sad I was stopped out. My stop loss was 6 pips which I thought it was 10. Lesson learned. 10 pips min in future.
I am still extremely happy with my trade and it's amazing delivery to my target.
April 29
Trade Executed and Stop loss taken
Asia Session
Coming into Asia Price was in a premium on the previous range. NY session price took buy side liquidity and rebalanced only the bottom half of a 15M FVG.
Logic and elements to the setup
Liquidity taken
Premium session with logic that Price would seek the 50 level 1.13777 and equal lows
Macro time 19:00
Smaller time frame analysis and elements that made me take the trade
*17:00 Price creates a swing low
*18:05 4 candle pattern that breaks the swing, break of market shift
*18:10 FVG created
*18:50 entry
First target the 50 level 1.13777
I executed this trade and got stoped out. Happy that my trade idea was successful and sad I was stopped out. My stop loss was 6 pips which I thought it was 10. Lesson learned. 10 pips min in future.
I am still extremely happy with my trade and it's amazing delivery to my target.
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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.
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.