SMC
Journal for 22 of dec 2022Asian had a bit more volume than usual, Asian high cleared the previous daily high that was just creating more liquidity, my main entry for the over sell was after Tuesday got cleared, nd there was a break of structure, and we had demand failures, but I was able to take risk sell just above the clear if Asian high, I will say that not advisable because London sessions has not open but Asian high was cleared, it would be better if you wait for London open and watch out for Tuesday high that was not cleared.
EURUSD Observation: -
In the chart, we can see recent low is broken. so, it is the change of character on 1HR chart.
Probability: -
We can think that there's probability of the price is going to meet its 4-hour POI. so, we can enter in the short position after touching poi of 1hr in 5 min chart with change of character with the target of 1.05640 and we can set target for partial profit booking to its recent low (which is made after the Choch in 1 hr chart).
Need help: -
suggest a good broker to trade forex in India.
Thanks!!!