4H view on EURUSD, it is important for us to note that we have an uptrend. The market is currently retracing, so we need to see or identify until when or where would the retracement end.
1) I have identified the market structure.
2) I have identified the order blocks that the market or price can be sensitive to.
3) The orderblock at 61.8% level of Fibonacci is also a potential reversal. But if I am to take a trade here, my exit point will be at level 21% of the fibonacci.
But my main goal is that the market will get to the other order block, thus making it's 3rd touch to the trendline as well, AND also taking out liquidity.
Feel free to ask questions and also share your thoughts.
1) I have identified the market structure.
2) I have identified the order blocks that the market or price can be sensitive to.
3) The orderblock at 61.8% level of Fibonacci is also a potential reversal. But if I am to take a trade here, my exit point will be at level 21% of the fibonacci.
But my main goal is that the market will get to the other order block, thus making it's 3rd touch to the trendline as well, AND also taking out liquidity.
Feel free to ask questions and also share your thoughts.