EURUSD trade: buy limit idea for the week of NFP
We tapped into our yellow demand zone which I had refined according to our bullish confirmations on the monthly, weekly, daily and 4H timefframe. It all got refined into a M5 demand zone candle; where we were anticipating a move; so we waited on a clear M1 BOS confirmation but the price did not give us the favor of entering us in the market but instead pushed further to the upside and decided to make a H1 clear BOS.
As price was retracing; I mentioned that PA didn't give our entry but it can still be valid as it is untapped my so called 'ORDERFLOW 3'. This is a consecutive of orders that are being filled in the market with multiple touches as a confluence before deciding if the trade is valid. I enter on the third touch but as you can see I wrote that it is untapped which IS why I decided to take the entry. I followed the rules to the point.
I found on the supply side that most of it is liquidity for me ready to be taken either today with my entry or later on.
A few hours has passed after taking the entry, there is some deceleration but that's okay.
(also ps the first entry you can see there hit the 1:10 RR but my target was the high, which was a 1:12 RR but sadly PA decided to respect the zone so that we would create more liquidity and swipe it out later during a news release with high volatility.
As price was retracing; I mentioned that PA didn't give our entry but it can still be valid as it is untapped my so called 'ORDERFLOW 3'. This is a consecutive of orders that are being filled in the market with multiple touches as a confluence before deciding if the trade is valid. I enter on the third touch but as you can see I wrote that it is untapped which IS why I decided to take the entry. I followed the rules to the point.
I found on the supply side that most of it is liquidity for me ready to be taken either today with my entry or later on.
A few hours has passed after taking the entry, there is some deceleration but that's okay.
(also ps the first entry you can see there hit the 1:10 RR but my target was the high, which was a 1:12 RR but sadly PA decided to respect the zone so that we would create more liquidity and swipe it out later during a news release with high volatility.
כתב ויתור
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