I'm going to buy the EU after the lower timeframe market maker sell program completes.
This is in line with the higher timeframe bullish scenario. On the 1H there is a nice swing low formed with an order block which is not touched yet. It's below the opening price @00EST and below the asian range high
תגובות
hopiplaka1
⋅
The 62% ote holds and the MMSP did not complete, indicating strength.
You can enter at the 15MIN + OB which was just created around the 1.1170 level and in confluence with the reclaimed +OB of 00:50
Banesnake
⋅
thanks for your graph, i like it. Can you explain more what is bear trap? Do you mean it's a place for stop loss hunt the bear? thanks
hopiplaka1
⋅
Yes, people think the level acts as a resistance and will place stops above it. They will be hunted
hopiplaka1
⋅
1.1150 seems to be a nice level to watch. A nice institutional level and the 70.5 sweet spot
Banesnake
⋅
one more question, how you determine a level to be institutional? Thanks!
hopiplaka1
⋅
The 00 and 50 levels and the 20 and 80 are watched by the institutions
FX-Ninja
⋅
Institutions are the round numbers like 00's 50's and smaller ones like 20's 80's
FX-Ninja
⋅
Hey hop, have you considered the Daily Bullish Order Block with a confluence of Sweet Spot on the Dollar Index?
hopiplaka1
⋅
Yes, but I think it's only a short term support and we're heading for the 94.00 level
FX-Ninja
⋅
ah where the Weekly Bullish Order Block resides right?
You can enter at the 15MIN + OB which was just created around the 1.1170 level and in confluence with the reclaimed +OB of 00:50