counter sell trade idea because of NFP
Actualizado
For this trade I will be shorting my position on EURUSD because of the following facts:
- having confirmation due to my orderflow strategy, the third touch is left untapped (entry from the second timeframe but entered following the M1 chart timeframe;
- due to it being NFP week, this high might still get respected so that we create more liquidity in the market so that it can be swiped all at once in a high volatility market;
- London open scenario. I trade best at these hours;
- the entry model is done by reading the market structure: ''which high went to grab supply orders before making the push down, and in which high did it get the orders from the caused the first BoS?
Let's see how it plays out!
- having confirmation due to my orderflow strategy, the third touch is left untapped (entry from the second timeframe but entered following the M1 chart timeframe;
- due to it being NFP week, this high might still get respected so that we create more liquidity in the market so that it can be swiped all at once in a high volatility market;
- London open scenario. I trade best at these hours;
- the entry model is done by reading the market structure: ''which high went to grab supply orders before making the push down, and in which high did it get the orders from the caused the first BoS?
Let's see how it plays out!
Nota
partials have been taken at the swipe of ASL; let's see what it does!Nota
Just as I thought! The trade played out just as I had expected. Partials had been taken out on both trades as ASL got swiped. The market could have gone a whole different direction if it wanted to so that is why we just follow the plan and let price action show us what it wants to do!P.S price can still respect the buy which is why I don't close out my position. I can still see the buy trade going well.
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