Trade Recaps: EURUSD - SHORT, GBPJPY - SHORT, 05/11/2024
EU Bias Analysis: Although Price is deeply discounted on the HTF's and the 4H has started trending higher, A shift of 1H structure from a 4H Bearish Order Block presented an opportunity for short positions as price corrected into IRL.
Grade: High Risk
GJ Bias Analysis: Price is trading at a weekly premium and is establishing a 4H bearish trend after a break to the downside and correction higher, pending a continuation lower. Short entries aligned with the current 1H bearish range and entry confirmation was received after a TBL sweep and 15M distribution lower.
Grade: Low Risk
Grade: High Risk
GJ Bias Analysis: Price is trading at a weekly premium and is establishing a 4H bearish trend after a break to the downside and correction higher, pending a continuation lower. Short entries aligned with the current 1H bearish range and entry confirmation was received after a TBL sweep and 15M distribution lower.
Grade: Low Risk
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