EURUSD 6E Long

-Price failed to close below 50% of the Daily RDRB price range.
-Price failed to close below Tuesdays low, as well as failing to close below several other previous daily lows.

-Daily DOL is Wednesdays high.

-I need to see H4/H1 discount arrays being respected to then look for bullish displacement entry triggers on M15/M5

Komentarz:

Trade hit target during London session. Price traded into a bullish array (H1 swing low), and rejected with a strong M5 bullish displacement. RR on this trade was lower than I like, but the directional bias was valid.

I didn't want to hold beyond PDH due to major economic news coming out in NY, and anticipating the market will likely wait to expand until the news release.

Transakcja zamknięta: osiągnięto wyznaczony cel:

Target reached. Looking good for further upside now too.