Institutional_trading
Afraid to trade NFP or High News Day?In this video I explain why you should not be afraid to get involved in the market on high impact news days and some tips to avoid losses. This is a review of EU PA on Wednesday and Friday. In-depth look at entries at the end.
Please excuse me saying GU in the video I am obviously reviewing EU also, I meant the BFI came back to the wick closing buy orders and opened more sell orders*. I just woke up and recorded this video so my brain is scrambled at bit.
Hope you still understood what I meant.
-Happy Trading
Prettychinkfx
MORE LIVE TRADING: AU, EU, AND GU Sharing more live content. Limited commentary as I am trying to focus on seeing if we have setups. I was analyzing GU for the majority of the morning and it is not moving correctly. It is aggressively swinging and no clean set ups present. I was also waiting for EU to present a move and missed it by missing the last high/low area. Missed two 11RR longs/hedges from the 5s. Hopefully I can find something else prior to my work day. Not seeing anything on AU right now.
EURGBP SHORT / SELL $MART-MONEYWe broke structure on a Daily timeframe to a downtrend. Currently mitigating toward the sell orders in a 4H timeframe. Price is failing to create Higher Highs. On the 1H we broke structure to the down side and are currently retracing towards our institutional candle.
Confirmations in this trade:
Fib Retracement leveles 78.6% - 88.6% (Red area)
Institutional move / candle
Mitigation
50% of entire push up prior to the drop. (POI)
Higher time-frame structure
Break of structure in 1H
Risk to Reward over 1:3
Setting sell limits and have alert around area for a sniper entry within a 5m/15m Break of structure. Eyes on distribution in that area