EURAUD Short missed opportunity and re-entry

13 Kas 2021

Missed a great short entry on EURAUD last week. Had it all marked up and forgot all about it. EA is showing signs of weakness, with a Wyckoff distribution structure formed, and a 1D imbalance below the current structire. The 50% mark of the imbalance is at a nice whole level of 1.55, with the other 1h imbalances and orderblocks formed near a whole 50 pip value, or 25 pip value (quarters theory). Looking for a sell off the recent untapped 1h imbalance with an ulitimate TP of the 1D imbalance. The 1h orderblock and imbalance beneath current price are good trim levels. I think price will ultimately continue below them since they occurred in the distribution structure.