$EURUSD Short - Pulling Back For Another Sell

I have two depictions as to what could happen and one may have already happened but I don't think so. It has barely touched the 15 minute order block for it to be selling already and there's too much movement in the 5 min chart that Il'll show here.

There are two 5 min order blocks that price could reach before returning lower. The first around 1.8305 and the second around 1.8412. This could used to add another position to a swing sell I have that related to this idea (which is why you see the TP1 running through the middle of my charts) or it can be a quick 20-30 pip scalp. depend on which position you choose and which it actually goes to.

it appears to be enticing buyers with a stop loss but I don't think that's all it's doing is trying to attract buyers.

Fingers Crossed.

评论:

No you haven't missed the move. As you can see from my earlier projection I had it going down before it came back up for the actual move, and that's because of the 5 min buying order block. It should retrace a little higher enticing more buyers before falling below the current low or the second one I have charted out here, which is the TP 2 for the related swing sell. It's an equal low on the 4 hour chart.

评论:

One thing I didn't see was the breaker. (Yellow dashed line) it may sell from here. Let's see if it trades above it.

交易手动结束:

I'm deleting pending sell limits. It didn't do what I wanted it to do before London Close. Too risky now and could turn north.