EURUSD Hindsight Study
April 3 Analysis
Asia Price expands to consolidation to take the minor buy side swinging down
1 macro Price takes minor sell side unwilling to retrace to the equilibrium level as I suspected.
(LTF demonstrates the 2022 model in candle formation which could been a buy signal because the unwillingness of Price to rebalance the FVG 21:15 candle tipping its hand that a bull rally is in play)
Note I did not take this trade due to buying in a premium, and price did not retrace to discount PD ray.
London
2 macro price takes very minor sell side again unwilling to rebalance the FVG 1 macro created. Buy signal again for a trend day with a parent bias known?
3 macro we see a retracement and full rally reversal to known buy stops, rebalance Sept FVG as targets.
6 macro provided my model rules. Deep premium retracement cycle expected to rebalance recent inefficiently delivered price action. Candle formation noted on LFT-hindsight sell set up.
Wasn't interested in anything after London-NY too dicey for me to navigate. However in hindsight with key level of buy side liquidity taken a short set up to rebalance at the 11 macro for the courageous.
What tripped me up yesterday was "expecting" for price to retrace lower in Asia and London to set up for a bull rally coming into NY, and the reverse happened. Price expanded in Asia into London with low resistance candle patterns and then reversed.
What did I learn yesterday:
*I suspected for price to lower it did not-when it only took minor sell side coupled with time, and the 2022 candle formation formed, with identified parent bias all factors for a buy signal in this market
*several macro times price would retrace to a FVG half way point and then rally. Easiest to see this on the min charts-great example of low resistance liquidity run
*low resistance days focus on liquidity taken on a PD ray for trade set ups
April 3 Analysis
Asia Price expands to consolidation to take the minor buy side swinging down
1 macro Price takes minor sell side unwilling to retrace to the equilibrium level as I suspected.
(LTF demonstrates the 2022 model in candle formation which could been a buy signal because the unwillingness of Price to rebalance the FVG 21:15 candle tipping its hand that a bull rally is in play)
Note I did not take this trade due to buying in a premium, and price did not retrace to discount PD ray.
London
2 macro price takes very minor sell side again unwilling to rebalance the FVG 1 macro created. Buy signal again for a trend day with a parent bias known?
3 macro we see a retracement and full rally reversal to known buy stops, rebalance Sept FVG as targets.
6 macro provided my model rules. Deep premium retracement cycle expected to rebalance recent inefficiently delivered price action. Candle formation noted on LFT-hindsight sell set up.
Wasn't interested in anything after London-NY too dicey for me to navigate. However in hindsight with key level of buy side liquidity taken a short set up to rebalance at the 11 macro for the courageous.
What tripped me up yesterday was "expecting" for price to retrace lower in Asia and London to set up for a bull rally coming into NY, and the reverse happened. Price expanded in Asia into London with low resistance candle patterns and then reversed.
What did I learn yesterday:
*I suspected for price to lower it did not-when it only took minor sell side coupled with time, and the 2022 candle formation formed, with identified parent bias all factors for a buy signal in this market
*several macro times price would retrace to a FVG half way point and then rally. Easiest to see this on the min charts-great example of low resistance liquidity run
*low resistance days focus on liquidity taken on a PD ray for trade set ups
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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.