EURUSD CASE STUDY 1:41 RR
In the first week of November we note that the price has previously made a new structure in the TMF of 1W and 1D, breaking the previous LH and creating a new HH.
The first thing we note in before marking our zones of Interest we look for the following confluences:
1º BOS (Structure Breakout).
2º Small pullbacks and continuations.
3º Signs of weakness of the strong hands on sale.
Taking into account our confluences, we can mark the zone of interest, the one where the price is more predictable to react with an upward movement, we can also call demand zones.
Already in the first week of the new month we should align ourselves with the most important news, here comes in the NFP (Non Farm Payrolls), Interest Rates, Unemployment Rate and PMI Index, these are part of our analysis and play a big role in the macroeconomic system of each country.
Moving closer to the demand zone, we mark an OB (Order Block + Imbalance) on the 15 min TMF (Time Frame). Here it is more predictable that the price will mitigate the pending orders and fill the imbalance created earlier.
The price already approaching our zone, completely mitigates the OB + Imbalance and creates an accumulation zone before responding with the
upward movement.
For a more precise entry we decided to place our Pending Order between 100% of the OB and 0% imbalance, so as not to risk losing the trade.
With the bullish reaction in our favor, we place our SL at Breakeven and our TP (Take Profit) above the HH. We can extend our TP even more, if we look at the weekly TMF.
We get a 1:41 RR with a profit of +650 pips.
The first thing we note in before marking our zones of Interest we look for the following confluences:
1º BOS (Structure Breakout).
2º Small pullbacks and continuations.
3º Signs of weakness of the strong hands on sale.
Taking into account our confluences, we can mark the zone of interest, the one where the price is more predictable to react with an upward movement, we can also call demand zones.
Already in the first week of the new month we should align ourselves with the most important news, here comes in the NFP (Non Farm Payrolls), Interest Rates, Unemployment Rate and PMI Index, these are part of our analysis and play a big role in the macroeconomic system of each country.
Moving closer to the demand zone, we mark an OB (Order Block + Imbalance) on the 15 min TMF (Time Frame). Here it is more predictable that the price will mitigate the pending orders and fill the imbalance created earlier.
The price already approaching our zone, completely mitigates the OB + Imbalance and creates an accumulation zone before responding with the
upward movement.
For a more precise entry we decided to place our Pending Order between 100% of the OB and 0% imbalance, so as not to risk losing the trade.
With the bullish reaction in our favor, we place our SL at Breakeven and our TP (Take Profit) above the HH. We can extend our TP even more, if we look at the weekly TMF.
We get a 1:41 RR with a profit of +650 pips.
Penafian
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