Training Week 1 - Day 3 EURUSD Price action

FX:EURUSD   Euro / Dollar Américain
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 ?
  • 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)

thank you for your reading
please know that your feedback is greatly appreciated and we can talk about these NOOB observations ^^

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.