EurUsd trade took Do you know where liquidity is?
Euro Fx/U.S. Dollar FX:EURUSD
Price retraced to Mondays range high, did a liquidity grab, then retraced.
It just took out the liquidity from yesterdays high
it closed below previous weeks range low
All important levels I draw on all my charts.
It didn’t take out the Asian session high, so we might just retrace higher.
But I’m giving special significance to the Mondays range high, since price stopped just short of this level yesterday, but today we did a turtle soup liquidity grab.
We did see a market structure shift, that’s why I took the trade. But it’s not 100% my entry model, I am very much discretionary, rather than mechanical.