Right now, EURUSD is just chopping around dead in the middle of a messy range. Honestly, there's zero edge in taking a trade here. If you buy or sell in the middle of this consolidation, your risk-to-reward is terrible and you're basically just flipping a coin. This is exactly where accounts go to slowly bleed.
I'm just sitting on my hands today and letting the market do the work. I want to see price push to the actual edges of this range where the liquidity is resting:
⬆️ Watching 1.1465 - 1.1480 area for a sweep of the highs.
⬇️ Watching 1.1420 area for a sweep of the lows.
I'm definitely not setting blind limit orders, though. Once we hit those zones, I need to see the market show its hand. I'll be dropping down to the 5m or 15m chart to look for a clear fakeout (liquidity sweep) and a strong momentum shift back the other way before I even think about pulling the trigger.
Until we break out of this middle chop and hit those extremes, the best trade is no trade. Protect your capital!
I'm just sitting on my hands today and letting the market do the work. I want to see price push to the actual edges of this range where the liquidity is resting:
⬆️ Watching 1.1465 - 1.1480 area for a sweep of the highs.
⬇️ Watching 1.1420 area for a sweep of the lows.
I'm definitely not setting blind limit orders, though. Once we hit those zones, I need to see the market show its hand. I'll be dropping down to the 5m or 15m chart to look for a clear fakeout (liquidity sweep) and a strong momentum shift back the other way before I even think about pulling the trigger.
Until we break out of this middle chop and hit those extremes, the best trade is no trade. Protect your capital!
การซื้อขายยังคงดำเนินอยู่
Quick update on that EURUSD plan from earlier today!Price finally dropped into our lower demand zone, but if you look at the 5m chart right now, I am still sitting in cash with zero positions.
Why? Because look at that price action. It’s a textbook falling knife. Price tapped our zone and just kept bleeding out, slicing right through local support with zero bullish reaction. We didn't get a V-shape bounce, we didn't get a Change of Character (CHoCH), and buyers are completely MIA.
This right here is exactly why I always preach about waiting for lower timeframe confirmation and never using blind limit orders. If you bought just because price "touched the blue box," you’d be deep in drawdown and stressing right now. By waiting for the market to prove its hand first, we completely avoided a losing trade.
What now?
This long setup is basically on life support. If we get a 5m candle close below the 1.1410 level (the very bottom of our higher timeframe zone), this entire long idea is dead and I'm scrapping it from my watchlist for the day.
Sometimes the best trade you can take is the one you avoid. Capital preservation comes first!
ออร์เดอร์ถูกยกเลิก
And that’s a wrap on EURUSD for today! 📉If you’ve been following my posts today, you know we were watching that lower demand zone for a potential long. Well, price just smashed right through the bottom of our zone at 1.1410 like it wasn't even there. Absolute zero buyer interest.
The long setup is 100% invalidated.
I didn't lose a single dime on this drop because my rules state I must see lower timeframe confirmation before entering. No confirmation = No trade.
Amateurs use limit orders and catch falling knives. Professionals wait for the market to prove itself. Today, patience paid off by keeping my account perfectly intact.
Time to close the charts and wait for a fresh setup tomorrow. Have a good one, guys! ✌️
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน