we were expecting to go long on order block of 1.0700 but price didnt retest the zone at first and whoever bought with direct limit order their stop loss was taken out but we had calculated risk of 20 pips
but if the conservative trade who waited for choc entry the entry did not triggred
.......................... thats the wrap from previous analysis...
price hovering near the higher time frame demand area had given signal of choc previous condering it as bullish change we waited for new confirmation the latest low we saw was at 1.06859, so if the price goes below this area and makes a wick forcing price to close above 1.06859 then this is confirmation of liquidity sweep and we can enter long
fyi - this is just...
CAPITALCOM:EURUSD
EURUSD has creating a Head and Shoulder if it breaks the Drawn neckline then we can plan for sell side and take retest entry. plan your trade accordingly...
It's important to note that the behavior of the EURUSD pair can be influenced by a wide range of factors such as global economic conditions, political developments, supply and demand, and market sentiment. Therefore, it's important to do your own research, analyze the market conditions, and consult with a qualified financial advisor before making any investment...
FX:EURUSD
EURUSD is in good resistance level at 1.06140 if this level is broken and the price is sustained then we can plan for buy side.
It is formed Flag and pole.
Lately EURUSD made downward impulsive move and now is ready for pullback 📈
Things to consider:
1. Daily impulse and correction pattern spotted
2. Retracement started and target is 0.382 on Fibonacci
3. COT data shows that hedge funds have been longing EUR so it will rise for sometime now!
How to enter:
1. Study the chart as shown in my analysis
2. Enter when the...
