$EURUSD - JUDAS SWING - Low of the week hit. (Idea)
I personally called a buy to myself earlier this morning because I'm anticipating prices to get to 1.184-1.185 ish before we start to see a down trend. Here's The trade I personally called. I had a limit set and it hit in London and I woke up in profit so my natural instinct is that we would have a buying bias going into today anticipating that high for the week.
Then I saw another buy opportunity and took that.
And as you can see, that didn't work out
So like any normal trader I waited to see what was actually going on. And I still have my chart marked up with all of the order blocks and I couldn't have been more surprised to see that it hit the same order block from last week. So I bought based on that. It hasn't made a lower low so my analysis stands that it will eventually get to my high that I'm anticipating which is 1.184-1.185 ish. I've done too much analysis on this chart but I just got hit with something I didn't expect today. But that's ok. It just gives me another chance to get back to where it is going to be. So here's my current position to my current aim.
P.S. I don't believe in trend lines. Only discount prices.
Then I saw another buy opportunity and took that.
And as you can see, that didn't work out
So like any normal trader I waited to see what was actually going on. And I still have my chart marked up with all of the order blocks and I couldn't have been more surprised to see that it hit the same order block from last week. So I bought based on that. It hasn't made a lower low so my analysis stands that it will eventually get to my high that I'm anticipating which is 1.184-1.185 ish. I've done too much analysis on this chart but I just got hit with something I didn't expect today. But that's ok. It just gives me another chance to get back to where it is going to be. So here's my current position to my current aim.
P.S. I don't believe in trend lines. Only discount prices.
You're either trading with Smart Money Theory or your just burning your money money. Believe me, I've been there.
Related publications
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.