EURUSD Multi Timeframe Analysis 18.10.2024
Updated
15m Swing, Internal and Fractal Bearish and we are now testing fractal supply. We might get a bearish momentum to kick in from here or price could target deeper levels to mitigate premium supply zone
For shorts it makes sense to follow Bearish order flow.
For longs ideal to wait 4H Internal ( or 15m Swing ) to shift bullish
I have already mentioned couple of times that we could get fake breaks as we are in unmitigated daily demand range now and we already had fake bullish 4H ChoCHs. This could be to target unmitigated supply zones. Wait for strong bullish momentum to play longs.
For shorts it makes sense to follow Bearish order flow.
For longs ideal to wait 4H Internal ( or 15m Swing ) to shift bullish
I have already mentioned couple of times that we could get fake breaks as we are in unmitigated daily demand range now and we already had fake bullish 4H ChoCHs. This could be to target unmitigated supply zones. Wait for strong bullish momentum to play longs.
Note
4H
Everything Bearish
Note
Daily
Everything Bearish other than Daily Internal. This could be to mitigate premium Daily Supply and we already have mitigated. So we might get a bullish reaction from this daily demand but it is likely price to target daily swing low.
Trade active
5m entry
There is an entry model in 15m Supply. You could take it or wait for 5m to shift bearish for extra confirmation.
Note
If you have missed the first entry, there was another entry opportunity as I mentioned to take after 5m shifting bearish and new 15m supply mitigation.
Trade closed manually
Breakeven. I move my stoploss to breakeven after reaching to 1.5 R so thats what happened. Trade idea still could play out but I will look for new entries. Note
Lol looks like trade idea will play out. Strong bearish momentum after extra internal liq grab. I was pretty confident about this trade but I got my own trading rules that I do not break. Being disciplined can sometimes prevent you from winning but that is the part of the game. Consistency is the key. 
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