EURUSD
May 6 Trade Execution
Coming into Asia Price was in a discount on the previous range and had been in a reversal from NY 9 am macro, that retraced and then consolidated.
Once Price expanded to the minor equal lows into a FVG I started to hunt for the model 2022 form.
Was also crossing referencing with DXY and GBP to frame this trade.
When DXY and GBP started to turn and break structure I suspected that the lower noted equal lows price was going to seek higher prices.
Price expands at 20:00 taking the liquidity noted equal lows.
Analysis taken from the 1 min chart
Prices weaves in a small consolidation
21:33 price creates displacement and a FVG
21:40 prices creates another FVG
21:50 price creates another FVG
21:56 I entered
First target 1.13331
Second target 1.3448
Third target 1.13449
Amazing to get up and analyze to discern a narrative about what I suspected price would do in Asia and for it to complete my 3 targets doesn't get any sweeter than that.
Rinse wash and retrade this model when it forms.
May 6 Trade Execution
Coming into Asia Price was in a discount on the previous range and had been in a reversal from NY 9 am macro, that retraced and then consolidated.
Once Price expanded to the minor equal lows into a FVG I started to hunt for the model 2022 form.
Was also crossing referencing with DXY and GBP to frame this trade.
When DXY and GBP started to turn and break structure I suspected that the lower noted equal lows price was going to seek higher prices.
Price expands at 20:00 taking the liquidity noted equal lows.
Analysis taken from the 1 min chart
Prices weaves in a small consolidation
21:33 price creates displacement and a FVG
21:40 prices creates another FVG
21:50 price creates another FVG
21:56 I entered
First target 1.13331
Second target 1.3448
Third target 1.13449
Amazing to get up and analyze to discern a narrative about what I suspected price would do in Asia and for it to complete my 3 targets doesn't get any sweeter than that.
Rinse wash and retrade this model when it forms.
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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.