Hello traders!
I'm not going to elaborate on this too much. We're hitting equilibrium prices on the weekly and daily. Resistance expected. We also have a Daily Bearish OB that has already been tested, thus confirming a bearish move. The white box is a mitigation block which was not tested clearly earlier and left a gap. That what is expected to be filled. Hope you find this analysis useful. Only for educational purposes.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
I'm not going to elaborate on this too much. We're hitting equilibrium prices on the weekly and daily. Resistance expected. We also have a Daily Bearish OB that has already been tested, thus confirming a bearish move. The white box is a mitigation block which was not tested clearly earlier and left a gap. That what is expected to be filled. Hope you find this analysis useful. Only for educational purposes.
Do use proper risk management.
Happy Trading!
Profits,
Market's Mechanic.
Comment:
If EURUSD fills the FVG before hitting the breaker, consider reducing the risk by 75%. We want to see that gap there once our entry is done. If not, better safe than sorry.
Trade closed: stop reached
Comment:
I think I called it in a little early.
