After a recent break of structure(BOS) to the upper side, price looked like it was going bullish. A mitigation of a previous order block was expected, but price broke through that order block and has now gone to mitigate a lower order block, while grabbing trendline liquidity and stopping traders out that had respect for the previous order block (taking more liquidity). I was one of those traders and should have take a -1. If price fails to respect this order block, and doesn't go bullish from here, then we are looking for a longer term bearish moves for the EUR/USD.
Buy Limit. (Or could enter right now @ 1.12962 with same SL and TP)
Entry :1.12922
SL :1.12799
TP 1 :1.13422
TP 2 :1.13909
TP 3 :1.14464
There's still a possibility that with a double top created price could break lower than the previous swing low, therefore hitting our stop loss. I think the trade is still worth it. SO be careful with risk. Risk 1%.
My probability of trade being successful: 57%
Buy Limit. (Or could enter right now @ 1.12962 with same SL and TP)
Entry :1.12922
SL :1.12799
TP 1 :1.13422
TP 2 :1.13909
TP 3 :1.14464
There's still a possibility that with a double top created price could break lower than the previous swing low, therefore hitting our stop loss. I think the trade is still worth it. SO be careful with risk. Risk 1%.
My probability of trade being successful: 57%