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EUR/USD 1H BREAKER BLOCK TRADE IDEAGreetings traders, I will outline the short I am currently eyeing on EUR/USD. If you pay attention to market structure it should be clear to you that EUR/USD is in a long-term downtrend and therefore higher probability trades will be found shorting this pair - the trend is your friend as they say. If you look at your 4H chart you will see the area of resistance which forced EUR/USD lower this week, this being the 4H bearish order block. Moving onto the 1H chart we see that the market stop hunted the highs at June 22nd, rejecting at the close of the 4H bearish order block (4H -OB), then broke market structure to the downside as indicated by the grey horizontal arrow. Once this price action occurs, the bearish candle before the stop hunt is validated as a bearish breaker block (represented in the chart by the red rectangle and labelled as 1H -BB) and all one would need to do is wait patiently until price returns to the breaker to have a high probability bearish trade. That my friends is exactly what I aim to do - my entry lies a few pipettes below the close of the 1H -BB and my stop loss lies above the high of the breaker block. My targets are at the sellside liquidity pools below the respective lows of June 23rd but I will not marry this idea. Depending on how the market behaves I will take partials or close the trade entirely. Remember traders, anything can happen in the market, the astute trader acknowledges this and seeks to manage risks while waiting patiently on his preferred setups. This is what is needed in order to thrive long-term in this game. Hopefully the market reaches our entry point, if it doesn't, unlucky, we move. If the trade loses, unlucky, we move, but one thing is for certain, we move. May the markets be with you.
Short
by CorpusFX
EU Weekly Outlook: 2022 June Week 21M State: Bearish Trend 1D State: Bullish Trend 15m/1H State: Bearish Trend Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone ) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend . Therefore this week's primary focus is reaching the 1D supply zone. As we are currently in a 15m bear trend, we can hop on to the buying zone (15m FVG) and then flip to buys. ------------------------------------------------------------------------------------------------------------ Trying to build the journaling habit. Look out for 2 weekly charts: - Market recap - Market outlook ~Blessed Trading~
by x_2_4
EU Weekly Recap: 2022 June Week 1Changed many things on the chart and this is the final shape of the past week. The bulls were broken at the start of the week but hitting the 15min demand zone provided a tradable pullback. Unfortunately, the trade did not reach the system's target. Because we did not reach the target, we also did not reach the system's sell zone and the sell was missed as well. Upon reaching the higher time frame's fair value gap however, a buy was presented that yielded great return. This buy finally pushed us into the sell zone where a short but effective sell was provided. In the end, the system found three trades this week, 1 loss (-1R) and 2 wins (+9R & +9R) ------------------------------------------------------------------------------------------------------------ Trying to build the journaling habit. Look out for 2 weekly charts: - Market recap - Market outlook ~Blessed Trading~
by x_2_4
DENT short setup comingDENT is continuously falling inside a descending channel since November and there is more to it. Analysis: Found 2 bearish orderblock which are untested so its a high probability before continue trend they are going to be tested Broke major structure, found support on 4h block and going to test the upper 4h block as resistance which is near order blocks Entry prices are on chart take action as per Price Action. Why? Because Birdy trades what they see on chart not what they think will be on chart.
Short
by BlackBirdTrading
EU Weekly Outlook: 2022 June Week 11M State: Bearish Trend 1D State: Bullish Trend 15m/1H State: Bullish Trend Currently there are 2 higher time frame targets: 1M OB (not seen on chart, above the 1D supply zone) which is the anticipated target for the 1D bullish trend and the 1M Old Lows, the target for the 1M bearish trend. Note: The 1D bulls may not break the shown 1D supply level and instead dive to take liquidity below the 1M lows first. Therefore this week's primary focus is the 1D supply zone for sells. This should provide some pips to be caught by selling. Potential selling targets are the 15m demand zones and the fvg below one of the lows. May also continue even lower to take out the 1M lows. This is very possible as this is an NFP week (high volatility). ------------------------------------------------------------------------------------------------------------ Trying to build the journaling habit. Look out for 2 weekly charts: - Market recap - Market outlook ~Blessed Trading~
by x_2_4
EU Weekly Recap: 2022 May Week 4Bulls were pushing steadily toward the weekly equilibrium level and the 1D Block. Therefore, buying opportunities were the main focus for the week. No structural reference points were created on Mon or Tuesday so no trades were taken. Eventually, it swooped down, took out lows from both Monday and Tuesday and bounced upwards, creating a tradable scenario. The liquidity from taking out the lows was used to drive the price higher, into the target zone. 1 Main Trade was presented and tradeable according to the strategy with a secondary entry possible. Trades played out beautifully. ------------------------------------------------------------------------------------------------------------ Trying to build the journaling habit. Look out for 2 weekly charts: - Market recap - Market outlook ~Blessed Trading~
by x_2_4