2.24.22/EURUSD/SHORT/BACKTEST
+3.3%
EURUSD
2/24/22 - Backtest
Short
Continuation
HTF:
Price has engulfed weekly target, and we could see price return the weekly target above before it makes a move down. We could also hit blue lower scale zones below before going back up. LTF's will show a clearer picture. For now, we know price is going down long term, just might make a bounce above into the weekly zone with S/R line beforehand.
MTF:
Price entering h4 decision point with lots of tails. If we get PA a lower scale long could be in order.
LTF:
LTF supply engulfed, and a move down to the decision was made to engulf supply, a nice spot for a long. WIll look at LTF"s for entry
Entry:
missed entry, price didn't make it to ignored decision point, maybe due to lack of m1 data, went up to target. Don't chase price, will look for other entries.
Entry 2;
Price has made it's way back into demand, will see what happens, if it breaks, look for shorts, if it doesn't, we have a small long.
Price has broken demand and is now going for the edge of the flag, time to look for shorts, scale is so cool.
Got a nice short entry. Would have liked for price to retrace higher, but PA showed me decision was happening below, so I got in. Nice 3.3R.
EURUSD
2/24/22 - Backtest
Short
Continuation
HTF:
Price has engulfed weekly target, and we could see price return the weekly target above before it makes a move down. We could also hit blue lower scale zones below before going back up. LTF's will show a clearer picture. For now, we know price is going down long term, just might make a bounce above into the weekly zone with S/R line beforehand.
MTF:
Price entering h4 decision point with lots of tails. If we get PA a lower scale long could be in order.
LTF:
LTF supply engulfed, and a move down to the decision was made to engulf supply, a nice spot for a long. WIll look at LTF"s for entry
Entry:
missed entry, price didn't make it to ignored decision point, maybe due to lack of m1 data, went up to target. Don't chase price, will look for other entries.
Entry 2;
Price has made it's way back into demand, will see what happens, if it breaks, look for shorts, if it doesn't, we have a small long.
Price has broken demand and is now going for the edge of the flag, time to look for shorts, scale is so cool.
Got a nice short entry. Would have liked for price to retrace higher, but PA showed me decision was happening below, so I got in. Nice 3.3R.
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