EURUSD ON THE RISE!!!The Narrative for this LONG goes like this:
The overall perspective is when you look at the trade from 50k feet vs the regular Daily Perspective. Some days when the market seems NOT to follow the script that's when you step back and look a the BIG Picture.
It's clear that EURUSD has tapped Buy Side Liquidity. The Wicks are liquidity runs tapping stops below structure before the main move. This is #SniperMarketMechanics
The market doesn't want anyone to make money on the main moves thus it throws wicks to knock out the stops that it knows lies right below structure. Why do you think it's called (Liquidity Runs)?
Nevertheless Stop losses are great to protect your capital in the situations when you cannot monitor the trade manually.
We are currently in the MZ when price volume begins to wake up and also creates the High and the Low within the MZ Structure. At 12am the algorithm that delivers price to the market creates a new high or low
depending on the BIAS of the day. You gauge that from the higher time frames like Daily Weekly Monthly. The higher TFs give you a great perspective of what price wants to do that day.
Now let's add the fundamentals into the script. The ECB just today raised interest rates by 75 Basis Points. Which should inject the EURO with some much needed rocket fuel to propel it upwards out of parity territory.
Contrast that to the DXY - Fed Chair has vowed to bring inflation down by raising interest rates which should effect the DXY and cause the bubble to burst.
The DXY is the ying to the yang of EURUSD and US base pairs. So this trade set up looks like a great NASA Project ready to take off to the moon. The ADR for EUR USD is 88-101 Pips. And that can be hit in one day of trading.
Finally, Never Over leverage. Take in account the inevitable pull backs and stop hunts that the algorithm is programmed to engage at certain times of the day.
Trust the set up. Give the trade time to fall aka TREND into the script.
Most importantly HAVE FUN!!! There are no do overs in this beautiful blessing we call life or FOREX so make it all count.
I AM Pro Trading Made Simple. master Jedi & Sensi of #SniperGang
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