1. Price should take the liquidity in circle.
2. Since the trend is bearish on H1 TF, after taking liquidity, it will bounce down from BPR zone (H1)
3. Price to be expected to move to liquidity areas at the downside.
4. H1 close above liquidity point in circle means a break out of structure. Must stop.
Lessons learned from yesterday's stop:
1. Do not take decision or make prediction based on asian session happenings.
2. Check volume as a support of price movement. Asian session has low volume to take a decision.
3. Do not consider a choch as an entry item if no take any liquidity and no displacement (no impulsive move)
4. Do not forget H1 and H4 bias. Do not take a decision against to HTF bias.
Initial jobless claim data was higher than expected but no big impact to DXY and Nasdaq as well.
2. Since the trend is bearish on H1 TF, after taking liquidity, it will bounce down from BPR zone (H1)
3. Price to be expected to move to liquidity areas at the downside.
4. H1 close above liquidity point in circle means a break out of structure. Must stop.
Lessons learned from yesterday's stop:
1. Do not take decision or make prediction based on asian session happenings.
2. Check volume as a support of price movement. Asian session has low volume to take a decision.
3. Do not consider a choch as an entry item if no take any liquidity and no displacement (no impulsive move)
4. Do not forget H1 and H4 bias. Do not take a decision against to HTF bias.
Initial jobless claim data was higher than expected but no big impact to DXY and Nasdaq as well.