Looking for a potential LONG positIon on EURUSD.
These are my parameters.
Take this trade with appropriate risk for your account (no more than 0.5% RISK)
Looking for DOT to make a move back up to fill the I/C + Imbalance, and continue its distribution lower.
Overall, TOTAL market cap is still bullish, but now that we have filled higher TF IMB on that too, as well as indices showing signs of bearishness, I do believe small entry shorts can play out.
If looking to take this, please keep your risk in mind, and...
After waiting weeks for this entry, i will be scaling into $MOMO between $9.50 and $9.90.
Price has returned to a weekly imbalance, we have seen lots of liquidity taken out, and we can see an instant reaction from the previous structure.
Stop loss will be at $8.60.
First take profit is $14
Second take profit is $16
Practice risk management my friends, and...
Took a nice little day trade on EURAUD today.
Rejected off the .78 level on the daily fib, and there was a lot of imbalance to be filled at the lower gap
Looking for a sell off on AUDCAD.
This zone has been touched multiple times, and is now rejecting off the .78 level on the 4 hr Fib.
R:R is 5:42
AUD + CAD dollar is also not strong at this point, indicating a major sell of needed.
Looking for Natural gas to push back to its previous low, before entering for a long term buy on the way up.
Markets will for sure consolidate upon opening, but this will be a worthwhile trade
