EURUSD Daily Trading Journal
WOW. Price was explosive today to the sell side! I saw a expansive move coming. Price was rejected at the .618 during the London close before its huge move in NY Kill zone.
What I did not anticipate is the depth of which price rallied to the sell side. Price rebalanced 3 noted FVG and smashed through my suspected target earlier in the week the 4 hour sell stops. Rejected at the 4 IFVG from feb 14 a bullish order block.
It seemed likely that price would decline considering that last Thursday and this Tuesday price had taken buy side liquidity.
Further analysis reveals that price is right back where it started in dec 2023. Since Jan 2024 price has been delivering to this tight institutional order flow range. Price has been primarily been delivering to the discount level only popping out in March leading me to believe that price is at the precipice of a market shift and it is near.
Seems likely for price to reverse in London tomorrow. Looking at the RED FOLDER NEWS tomorrow its a another good day to sit to the side and watch the action. Maybe even for the rest of the week?
I am enjoying the day to day scalp trades for practice and really learned a lot today with todays dramatic show.
WOW. Price was explosive today to the sell side! I saw a expansive move coming. Price was rejected at the .618 during the London close before its huge move in NY Kill zone.
What I did not anticipate is the depth of which price rallied to the sell side. Price rebalanced 3 noted FVG and smashed through my suspected target earlier in the week the 4 hour sell stops. Rejected at the 4 IFVG from feb 14 a bullish order block.
It seemed likely that price would decline considering that last Thursday and this Tuesday price had taken buy side liquidity.
Further analysis reveals that price is right back where it started in dec 2023. Since Jan 2024 price has been delivering to this tight institutional order flow range. Price has been primarily been delivering to the discount level only popping out in March leading me to believe that price is at the precipice of a market shift and it is near.
Seems likely for price to reverse in London tomorrow. Looking at the RED FOLDER NEWS tomorrow its a another good day to sit to the side and watch the action. Maybe even for the rest of the week?
I am enjoying the day to day scalp trades for practice and really learned a lot today with todays dramatic show.