makuchaku Monthly, Weekly & Daily – all timeframes for EURUSD are currently bullish. Price came down and rejected from a bullish Daily breaker and a Weekly bullish mitigation block, creating this area which can be be traded from next week. Remember, we always want to buy from an area of discount!
Trade setup confluences
- 4H rejected from a D Breaker+
- At 50% discount area of recent up move
- Hidden imbalance to be filled
- Trade is in sync with M/W/D
- Is an unmitigated OB on 200 Range charts
Update : 12 May 2021
This trade also got activated last night and immediately shot up to give back partials at 1R – but failed to reach 2R. I manually collapsed the trade at -0.5R, giving an effective 0.25R on this breakeven trade
