Hello traders, as we prepare for the week ahead; allow me to share my thoughts on EU.
EU is still bearish on a HTF, we haven't taken out swing LH yet. but we are indeed seeing a swing pull back after the market broke swing lower lows.
Following previous week with High impact news we expected a turn for EU on the internal LH but unfortunately the market violated our expectation leading to this weeks forecast.
I am expecting to see a further push into our POI since the internal order flow is still bullish, from there i would like to see an inducement just before or within the POI which will be followed by CH on LTF> this will trigger my entry requirements but it is always safe to take risk entries using the HTF-POI but be mindful that this would be a 50-50 chance as non of our expectation would be confirmed.
Be sure to check my previous analysis/ review on EU to understand further my expectation.
In trading there's no luck but all hard work, consistent efforts and discipline.
EU is still bearish on a HTF, we haven't taken out swing LH yet. but we are indeed seeing a swing pull back after the market broke swing lower lows.
Following previous week with High impact news we expected a turn for EU on the internal LH but unfortunately the market violated our expectation leading to this weeks forecast.
I am expecting to see a further push into our POI since the internal order flow is still bullish, from there i would like to see an inducement just before or within the POI which will be followed by CH on LTF> this will trigger my entry requirements but it is always safe to take risk entries using the HTF-POI but be mindful that this would be a 50-50 chance as non of our expectation would be confirmed.
Be sure to check my previous analysis/ review on EU to understand further my expectation.
In trading there's no luck but all hard work, consistent efforts and discipline.