FX.co ★ EUR/USD
Trader Journals:::
EUR/USD
EUR/USD Short Note: Next Destination Prediction: Immediate 1.13800 support → 1.13685 bullish OB 2 current demand → 1.13585 SSL Pool external bottom FINAL if holds below 1.14095 Red Descending MA resistance and 1.14105 Bearish OB supply and BSL 1.14135 top and BOS down break at 1.13830 current and volumes bearish and RSI bearish below 50 neutral, Alternative bullish 1.13860 equilibrium 50% → 1.13985 internal BSL → 1.14095 Red MA → 1.14105 Bearish OB BSL top → 1.14135 BSL external top FINAL if breaks above 1.13685 with bullish BOS and bullish displacement and volumes bullish and RSI bullish above 38.23 1. EURUSD M30 Market Phase - Intraday Range Consolidation On M30, when I read the intraday range consolidation, I start with the major swings. Near the top at 1.14135, I marked the Major Swing High as my recent external Buy-Side Liquidity pool. With a red dashed box at the top, I highlighted it because on Sep 25, price pushed a long upper wick to 1.14135 sweeping BSL. Near the bottom at 1.13585, I marked the Major Swing Low as my SSL sweep region. Around Sep 24, with long lower wicks to 1.13585 sweeping SSL, I confirmed selling exhaustion. Right now, between 1.13585 and 1.14135, I see the chart in a wide range, forming a complex pullback inside the mid-range consolidation zone from 1.13685 to 1.13985. At 1.13830 near the middle of that consolidation, I read indecision. Before Sep 24, from 1.13935 high down to 1.13605 low then to 1.13585 low, I tracked lower highs and lower lows, which showed bearish expansion before bullish reversal after SSL sweep. After the SSL sweep at the low at 1.13585, with bullish CHOCH MSS up at 1.13605 and bullish displacement rallying to 1.13830 high and to 1.14135 high, I confirmed bullish reversal after accumulation. 2. Liquidity Sweep Mapping - BSL SSL External Pools As BSL and SSL external pools where price sweeps above an obvious high to grab buy stops or below an obvious low to grab sell stops, I treat liquidity sweep mapping. At the top at 1.14135, I marked external BSL. Above red MA resistance at 1.14095 and above bearish OB at 1.14105 and above resistance at 1.14135, I saw a long upper wick sweeping BSL. When that happened, I knew buy stops from breakout buyers got collected and short stops got trapped. With a red dashed box and yellow label, I tagged it as Bearish OB 1.14135 BSL top and BSL 1.14135 LIQ pool. At the bottom at 1.13585, I marked external SSL. Below support at 1.13685 and below previous low at 1.13585, I saw a long lower wick sweeping SSL, collecting sell stops from breakdown sellers and trapping longs. With a green dashed box and yellow label, I tagged it as Bullish OB 1.13605 SSL sweep and SSL 1.13585 LIQ pool target. After sweeping external BSL at 1.14135 high, with bearish displacement dropping to my current 1.13830 and to 1.13585 SSL pool target, I confirmed a bearish reversal after BSL raid. 3. Structure Break Identification - BOS CHOCH Levels For BOS and CHOCH levels as the first shift of intent before BOS confirmation, I look at structure break identification. What I call BOS as Break of Structure and CHOCH as Change of Character or Market Structure Shift MSS, for me, is the break of a previous lower high in a downtrend or higher low in an uptrend. On Sep 24, from 1.13935 high down to 1.13685 low then to 1.13605 low and finally to 1.13585 low, I tracked bearish market structure with lower highs and lower lows, forming a bearish ladder. Between Sep 24 and Sep 25, the bullish flip occurred. At the low at 1.13605, I spotted bullish CHOCH MSS up. After making a higher low at 1.13605 as a double bottom sweep on Sep 24, when price closed above the previous lower high at 1.13830, I read it as buyers absorbing sellers and shifting from bearish to bullish intent. With a purple label at 1.13605, I marked that CHOCH MSS up on my M30 chart. 4. Supply Demand Order Blocks - Institutional Zones As institutional zones where institutional buy and sell orders rest, I treat supply and demand order blocks. At the SSL low at 1.13605 on Sep 24, I marked my primary bullish order block demand. By its long lower wick and bullish displacement rallying to 1.13830 high, I identified it. As demand where institutional buy orders rest, I treat it as a mitigation block. Because after rallying from 1.13605 low to 1.13830 current, price never returned to 1.13605, I see bullish order block support held as the cause for markup. At the current level at 1.13685 on Sep 25, I track bullish order block 2 as current demand with small green and red bodies where buyers are defending. Above bullish OB 2, with price at 1.13830, I see mitigation in progress above support. At the BSL top at 1.14105 on Sep 25, I marked my bearish order block supply. With a long upper wick and bearish displacement dropping to 1.13985 low, I saw it form. As supply where institutional sell orders rest, I treat it. 5. Imbalance Gap Detection - FVG Inefficiency Fills As FVG inefficiency fills where price moves too fast leaving no fair value, I read imbalance gap detection. What I call Fair Value Gap, for me, is a three-candle pattern where first and third wicks do not overlap leaving imbalance where unfilled orders remain. Between 1.13605 and 1.13830 support, from Sep 24 to Sep 25 during the rally from 1.13605 to 1.13830, I measured a bullish fair value gap, leaving 22.5 pips bullish imbalance where buyers left unfilled orders. On Sep 25, near fifty percent at 1.13685 and 1.13800 support, when price bounced, this bullish FVG acted as support, indicating bullish FVG support. Between 1.13985 and 1.14105 resistance, on Sep 25 during the drop from 1.14105 to 1.13985, I measured a bearish fair value gap, leaving 12 pips bearish imbalance where sellers left unfilled orders. On Sep 25, below 1.13985 resistance near its lower edge, with price consolidating, this bearish FVG acted as resistance. Currently at the upper edge of the bullish FVG from 1.13605 to 1.13830 support, with price at 1.13830, I see bullish FVG support intact as support not inverted. 6. Dealing Range Premium Discount - Fifty Percent Mean Logic To find optimal entry zones within a dealing range, I use dealing range premium discount with fifty percent mean logic. Above fifty percent equilibrium, I treat premium as where shorts are optimal, and below fifty percent equilibrium, I treat discount as where longs are optimal. For my EURUSD M30 dealing range, from external BSL 1.14135 high to external SSL 1.13585 low, I calculate a 55 pips range. At 1.13860, I calculate fifty percent equilibrium. Slightly below equilibrium by 3 pips, with my current price at 1.13830, I sit in discount. From the bottom, when I measure 1.13830 minus 1.13585 equals 24.5 pips, divided by 55 pips equals 44.5% from bottom, I confirm slight discount where longs are optimal but near equilibrium indicating range and indecision. Within the larger dealing range, while near equilibrium at 44.5% from bottom with price at 1.13830, I see slight discount where longs are optimal for pullback to equilibrium and then for bullish reversal to premium targets at 1.13985 and 1.14095 and 1.14105 and 1.14135 BSL final target.