EURUSD: Long reclaim of WO targeting option expiry
Updated
We reclaimed WO at 7:00 and it was defended on Mx timeframe.
Option expiry 2200 to 2150 so should rise EURUSD should rise.
AUDUSD option expiry higher and also rising.
Entry: limit order at previous high for 50%. If bullish PA below WO another 50%
SL: Vol stop below range lows
TP: 2150 as lower expiry, but potentially higher. Confluence with MO and prev WO.
Wrong: close below range lows
Option expiry 2200 to 2150 so should rise EURUSD should rise.
AUDUSD option expiry higher and also rising.
Entry: limit order at previous high for 50%. If bullish PA below WO another 50%
SL: Vol stop below range lows
TP: 2150 as lower expiry, but potentially higher. Confluence with MO and prev WO.
Wrong: close below range lows
Trade active
Limit filled around NY open.Trade closed manually
Closed for tiny profit. Option expiry lower for Tue. H1 rejection on 8:00 candle. Underwhelming EUR trade balance data hit at 8:00 candle. Short-term demand cluster insta failed immediately after.
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