Day 3 on my journey : "read the market"
Daily charts
Objective was to watch the market and try to identify point of interests
Thats what i'm going to do all this week
Take my time , and try to "decrypt" all of this
what i see on this chart ?
In this scenario i imagine that the price will go up to fill the liquidity void and the fair value gap , then at a fair value i expect it to push down again .
But watch out for the Old daily High Buy stop liquidity who might be taken before the price continue to go down .
Training diary
01/10/2021 - 09:21 NY time (gmt+4)
EURUSD
thank you for your reading
please know that your feedback is greatly appreciated and we can talk about these NOOB observations ^^
Mathy
Daily charts
Objective was to watch the market and try to identify point of interests
Thats what i'm going to do all this week
Take my time , and try to "decrypt" all of this
what i see on this chart ?
- A downtrend + a break in the market structure
As i saw the BMS i'm looking for a retracement .
Watching the last bull candle before the quick down movement
I identify a daily bearish order block then i use fibonnaci on the last swing high to swing low to locate an optimal trade entry zone.
I find some fair value gap in the 4H chart , inside the quick down movement liquidity void
In this scenario i imagine that the price will go up to fill the liquidity void and the fair value gap , then at a fair value i expect it to push down again .
But watch out for the Old daily High Buy stop liquidity who might be taken before the price continue to go down .
Training diary
01/10/2021 - 09:21 NY time (gmt+4)
EURUSD
thank you for your reading
please know that your feedback is greatly appreciated and we can talk about these NOOB observations ^^
Mathy