EURUSD traded into an orderblock from 2016. We have been in freefall but I am expecting price to move away form this zone to at least test 4hr structure and fill some imbalances above.
This is in confluence with DXY perspective and expected dollar weakness. A new low would invalidate this idea. Will be monitoring price early in the week to see how it reacts when it trades into 5 min demand.
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Took a quick short targeting asia low for a 1:5 RR
Trade ativo
Stop loss moved
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secondary position added to trade
Trade ativo
Stop moved to profit
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Taking first profits as price approaches the imbalance, just over 1:3. Remainder to run to asia low.
Trade ativo
Added to position
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Update
Trade fechado manualmente
Trade closed. for a total R:R from initial 1% risk of 1:9.
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Posting final screenshot before deleting from chart
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15min and 1hr trade perspective.
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Trade idea
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Trade active
Trade fechado: stop atingido
Trade ativo
Trade entered after NY took liquidity form LDN and AZN and formed 1 min doji.
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TP1 hit with 85% of orders taken off table. Remainder to continue to HTF demand
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Big reaction from my take profit area, looks like price may continue to final TP, however this was a great 1st TP area.
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Trade closed. 1:6.3 RR. Realized RR after partial TPs 1:5.28.
Trade fechado: objetivo atingido
Trade closed. Multi-timeframe snapshots.
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Trade idea
Trade ativo
Trade active
Trade fechado: stop atingido
Trade ativo
Last entry was liquidity, Trying again
Trade ativo
Choppy ass mitigation, likely entered too early. But it appears like it will hold.
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JFC finally.
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Original entry was premature. The goal is not to be early, but to be the first late person. This is how you should have entered.
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