Entered Daily Imbalance and liquidated previous highs on Daily TF Break of micro upward trendline lining up while also finding resistance at 61.8 fib level Tp fills imbalance down below
Ready for a launch risk managed simple trade been tracking EU all last week awaiting this push
Deep retest into fib levels grabbed liquidity ready to launchhh
Trendline continuation Fib level touched, trend line bounce roughly 1:6RR
re Entry extended stop a bit same analysis big retest/liq grab had got me stopped
GJ lookin great for buys 3rd bounce aligning with 61.8%fib been bullish all week hasn't hit Higher TF resistance just yet so still climbing towards liquidity area
As the dollar seems to be falling at the moment pairs against the USD are seemingly bullish Filling a gab from the bounce of the 61.8% Along with a inverted head and shoulder pattern Anticipating this to move bullish pretty aggressively
Inverted head and shoulders pattern similar to EURUSD 3rd bounce off trendline Trendline bounce aligns with 61.8 fib level
Been in an uptrend for quite some time along with a inverted head and shoulder patter with retest being done lining up with the 618.8 fib level along with liquidity grab of last Fridays ny sesh lows on lower TF which was when i executed on the trade
Simple break and retest of downward trendline 61.8% rejection
My previously idea published was this exact same trade although the analysis hit TP I decided to put my stop loss at break even and let it run to the liquidity level near the top of the 1-4HR range we are currently in
Trade details -A 618 fib level pull back along with a bullish engulfing -A gap in market -TP at -27 extension
-270 pip move to the downside, 27RR -Cleanly grabbed 50% liquidity, to the make the bigger DT - Fib lvl -0.27% lines up with a gap in the market vyjvy
Was gone for a bit, took a break of posting ideas Pretty straight forward Fib trade Beautiful RR Target it is alignment with liquidity
Just a cleaner look and more simple outlook of my analysis
Clean trend line type trade Should roll over till next week great RR Main reason for entering
Re entry wyckoff distribution, entered as price liquidated the high , that initiated the push downwards indicated by the White horizontal line -Impulsive entry as I didn't wait for the Test, Was okay with it as I managed a 11pip stop will leave partials running
Been getting stopped out all week with from this pair jeez Price wicked out and created a minor schematic from outside the zone after the instant wick out ' Along side a minor trend line break that initiated the entry with stops above the retest of the trendline Sells zone should roll out now