Following the break below the Sunday open, the Asian session continued to drive the price downward, successfully hitting our full take-profit target. Key liquidity levels were taken after the pair ranged for two days, providing an ideal setup for our short position. The break of structure signaled a strong entry point, aligning with the rebalancing of price action after Friday’s speech from Powell.

Key Levels:

• Liquidity Taken: After consolidating between 1.1145 and 1.1185, the pair broke lower, clearing liquidity.
• Entry Point: Positioned after the break of structure near 1.1150.
• Take Profit Level: Achieved around 1.1100, capitalizing on the continued bearish trend.

Congratulations to all who capitalized on this move!

Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
Beyond Technical AnalysisEURUSDeurusdlongsetupeurusdoutlookeurusdtradeFundamental AnalysissellsetupTrend Analysis

כתב ויתור