EURUSD Trading Journal

EURUSD Trading Journal

NY Killzone
I suspected that Price would seek higher price in NY. London created a low and took a key sell stops target. At 5 London started the reversal. At 8 am Price consolidated. At 8:15 a Judus swing to lower price.

I anticipated that for the Red Folder News would see Price gravitate to the noted both FVG and the buy stops target. I came to this conclusion after due to the sell stops were taken.

Trade wisdom
I read Price thinking a set up had formed a short and got caught on the wrong side after the expansion thinking price would reverse and no it went into consolidation and went into the accumulation to then rally again. Reviewing my trade I got caught in the consolidation reading Price incorrectly went against my bias I settled on, which was bullish. Lesson learned.

Ideas for Aug 14
I consider that Price action delivered huge range and could see Price consolidate. I suspect that there will be volatility induced. It seems likely to see Price take the buy stops target. I suspect that with another RFN (red folder new) Price could rebalance todays range in a reversal to my noted sell stop target and FVG.