Eu Range Fill

2 lut 2023

The goal of my trading is to never become one-sided, but understand what justifies one trade idea and disproves another. If we have aggressive closure below this level I believe we could fill in some open range. We've reached the 62% extension on the 4H, I see the potential for either direction look to understand 4H candle closures and it will open your eyes to price action formation and the importance of candle sticks, they tell all. However, remember high impact news comes out 8:15 am.

I am currently favoring longs due to the extreme move from FOMC, but I am open to the marketplace

2 lut 2023

Uwaga

Price needs to close convincingly below this level and retest. Always, always, always use entry confirmation don't just get in.

2 lut 2023

Uwaga

Remember that news comes out at 8:15, likely price will be range bound and will not offer an opportunity. This is ok

2 lut 2023

Uwaga

No Trade, Yet

2 lut 2023

Uwaga

If you look at the EURGBP we have rejected off a significant level. The Euro is trading as weakness.

2 lut 2023

Uwaga

Currently waiting for more price action, personally, I would like it to retest again and then break lower. This may not happen, and I may be given no opportunity to trade. But this is what I want

2 lut 2023

Uwaga

No trade, need 5 min bearish engulfing for confirmation, there is always possibility price supports this weekly level on the 4H and we rally

2 lut 2023

Uwaga

I entered off the formation of the last bearish 5min hammer

2 lut 2023

Uwaga

The US Dollar is ranging, keep in mind we have expanded massively the day prior. This is not exactly high probability, I'm in with reduced risk

2 lut 2023

Uwaga

In profit SL at BE

2 lut 2023

Uwaga

I'll post the entry and link it. Then in depth analysis of HTF later on. Cheers

2 lut 2023

Uwaga

First TP hit 3:1 at 1.0950 level

2 lut 2023

Uwaga

Second TP hit 5:1 at 1.0933 level

2 lut 2023

Uwaga

The small remainder of the position has been closed, we traded into a 38.2% retracement, my overall target. This is a great counter-trend trade, no reason to push it

2 lut 2023

Uwaga

After this, I cannot justify the Euro going any lower. Why would I remain in the position?

Ask yourself these questions, I came and took from the market what I needed and left. This is high-probability trading

2 lut 2023

Uwaga

See the attached link below to see some more in-depth trade recap

2 lut 2023

Uwaga

Lol may have missed out on a mega trade. But fuck it we ball, going to the gym, have a great day yall!