MotesTrades

MotesTrades

Thesis: The trade was based on bullish price action as GJ traded into a significant 1-hour bullish order block (OB) around the 195.665 level. Price action created equal lows, signaling liquidity buildup, and formed a fair value gap (FVG) within the retracement to the 0.62 Fibonacci level, providing a high-probability setup for longs. Key Steps in...

MotesTrades

The EUR/USD market has been in a downward trend, but recent price action below the true year open suggests there could be a potential bullish incentive forming. This dip may attract buyers to rebalance the 4-hour Fair Value Gap (FVG) above, signaling a possible retracement. At this stage, there’s no confirmed trade setup, but staying patient and waiting for the...