EURUSD 31/1 MISSED TRADE + IDEA
First, we can see that I have missed a pretty good setup. The reason for not taking this setup was because 1) The zone was not the reason for the BOC on the 5M but simply the reason for a new 5M & 15M high. And 2) We were still in a 15M bearish sentiment. The bullish sentiment we saw was only internal (3M). Now during news price flew up.
Long:
Just placed a long on the 3M zone that created the 3M BOS. This is a risky trade as it is not responsible for anything on higher timeframes. Also, if we look at the lows of the 15M zone mentioned above (missed trade) + the TL that has been broken during news. We could see an SL hunt under the zone and liquidation point for longers. Later I hope to find some more confluences when it comes to FIB ect.
Long:
Just placed a long on the 3M zone that created the 3M BOS. This is a risky trade as it is not responsible for anything on higher timeframes. Also, if we look at the lows of the 15M zone mentioned above (missed trade) + the TL that has been broken during news. We could see an SL hunt under the zone and liquidation point for longers. Later I hope to find some more confluences when it comes to FIB ect.
Penafian
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