EURUSD Idea for 29/08/2023

I think we are looking at the daily extreme as a new low so for me it is a case of liquidating the H4 zones above to push us down, it may be that the M15 IDM gives us the opportunity for a short term sell, also.

The chart is messy. Red is H4 POIs, green M15 and yellow is daily

All of my entries will confirmation entries

Wishing you all a good trading week ahead. Careful of the data release in NY

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This demand zone looks primed to me but while we're still within Friday's big candle, I will be cautious. There was clearly some hidden supply within that wick that is pushing us down, if we breach the demand zone I have marked for a confirmation entry then I am not so sure we will come back up. The price action is shocking from the new on Friday, the UK bank holiday yesterday and even this morning, the Asian session only just hinted at a direction that contradicts my short term bullish bias. Trade carefully guys, better days are coming

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Reaction. Awaiting confirmations

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Maybe a potential sweep of the previous day's low

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Looking like a PDL sweep

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Invalid. Now looking for an M15 CHoCH. I find that as you approach daily and H4 POIs the retracements become weaker and weaker. As if the HTF POI's magnetism is too strong.

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I will enter if I get a SCOB in either of the two blue zones. This is NOT the strongest of setups

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Weak AF. Waiting for the M15 CHoCH

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So the M15 inducement did give a reaction but no entry and price pushed further up into the M15 order flow and the area I have marked as high volume. We have reacted to the M15 D supply zone but no confirmations as of RN. The M15 major high also serves as a daily inducement so there is lots of buy side liquidity that could be swept that our M15 zones have no hope of stopping. There is lots of data this week so I can see price easily rebalancing today's leg up and then going for the daily inducement

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The M15 decisional supply has been destroyed. Now attacking the extreme order flow and M15 ENG. This will need to be an M15 sweep, possibly tagging the M15 extreme order block