$EURUSD - UPDATE: New Entry, Close 15 min FVG then BEARISH *SMT*

*SMT = SMART MONEY THEORY* WHERE INSTITUTIONS RIP RETAIL TRADERS TO SHREDS BECAUSE THEY DON'T THINK OUTSIDE THE BOX.

Please see related Idea for details. I posted on earlier 0.98045but after watching it closely I only believe it will get as high as enclosing a 15 min Fair Value Gap, then it wil drop aiming for the liquidity uner neath last friday's lows. which is also 1 standard deviation below the Asian Range during the Asian Session.

I'M GOING 2% OF ACCOUNT -USING ALL 50 OF MY LEVERAGE
entry - 0.98045
S/L - 0.98540
TP 0.97080

IF YOU FIB FROM THAT LAST 15 MIN CANDLE UP BEFORE THE LARGE DROP, YOU'LL SEE IT WILL RETURN ABOUT 80% OF THE RETRACEMENT. THAT'S ABOUT NORMAL FOR RETRACEMENTS.

EURUSD
EUR1!
DX1!
EURUSD1!

Komentarz:

I had two positions open yesterday and closed one. Regretting it now. Because what I thought would happen yesterday is happening now.

Komentarz:

Additionally, Expect the Asian Range (or half) to give you the length of the high to the low. Sometimes for a sesion sometimes for a day. Yesterday it was half the range x 3 for the day, Currently it's the full range o0f yesterdays x 4 for the session.