Hello traders,
I would like to share my analysis of the EUR/USD price action for the upcoming weeks. If the daily candle closes above and does not generate a sweep today, I anticipate two possible scenarios:
1) The price may test the H4 imbalance level and then generate H4 HH sweep. Following this, the price could head towards the discount zone on the daily timeframe to test the daily imbalance and potentially create a new daily higher high.
2) Alternatively, the price may go directly to test the daily imbalance without testing the H4 imbalance first. If the daily point of interest is successfully tested, we may see a new higher high being established.
It is not financial advice!
I would like to share my analysis of the EUR/USD price action for the upcoming weeks. If the daily candle closes above and does not generate a sweep today, I anticipate two possible scenarios:
1) The price may test the H4 imbalance level and then generate H4 HH sweep. Following this, the price could head towards the discount zone on the daily timeframe to test the daily imbalance and potentially create a new daily higher high.
2) Alternatively, the price may go directly to test the daily imbalance without testing the H4 imbalance first. If the daily point of interest is successfully tested, we may see a new higher high being established.
It is not financial advice!
Комментарий:
P.S. If the daily candle closes below and generates a sweep today, I consider it as range and target is D1 HL
Комментарий:
The scenario is valid. First possible POI => H4 FVG
Комментарий:
Today there was a chance to open intraday short. Otherwise, plan for the next week (example of entry without confirmation. I will wait for confirmation on LTF) -
Комментарий:
Hi Traders,
today was a good opportunity to take a short order. Hope, you used this chance. As for future plans, as I wrote, we test H4 fvg, but I guess the price will go lower. Next stop is H4 HL. Let's see if we get sweep there. Anyway I would prefer to see sweep and at least m15 BOS to look for a long position.
today was a good opportunity to take a short order. Hope, you used this chance. As for future plans, as I wrote, we test H4 fvg, but I guess the price will go lower. Next stop is H4 HL. Let's see if we get sweep there. Anyway I would prefer to see sweep and at least m15 BOS to look for a long position.
Комментарий:
Комментарий:
Hi traders, hope you have nice trading days. I am looking for a new short. Just need to get LTF confirmation. I am 90% sure price will go down as described above to touch H4 HL -
Сделка активна:
Everything goes as planned. Now the position is active and SL is set as BE cause the price can go a bit higher.
Сделка закрыта вручную:
Close 50%, SL at BE