EURUSD Long Idea (REVISED:UPDATED) SMART MONEY CONCEPTS

4 de mar. de 2021

Through Smart Money concepts I ultimately would like the EUR to come down to 1.8900 in the future within the next couple of weeks however in order to get there we have to see what we are playing with now. What I do see is that there is area right in between the mean of 1.22100 an 1.21800 that I would like to get to in the future to take my long term bias to the downside however we can countertrend trade an idea up into that level which is what I see here as our institutional candle needs to be mitigated from within the IPA and also notice the discounted price from fibs aligns with the entry area I would like to take my trade in the marked mitigation zone. (Continuation) As we can see we developed retail liquidity that needs to be swept while conveniently mitigating a previous open institutional candle sell order and filling IPA so I do like the idea going into NFP. i would like it to play out tomorrow as news is the excuse to move price rapidly which would make sense in this scenario

4 de mar. de 2021

Ordem cancelada

here's an update for a re entry I still like the idea of it coming into my original setup but there's a higher probability that we can see a reaction based off of the 15min institutional candle