Hello Guys,
This trade is a simple trade if the right market structure presents itself in the weekly supply order block.
One thing you should notice is the weekly order block (view on the weekly chart). The order block was created when the price printed a bearish CHOCH on the weekly timeframe. Price has not traded into this order block with a W pattern.
If you know how 'W' patterns work you will know that this is a high probability trade as a 'W' pattern + Bearish CHOCH should equal a bearish move in price.
Keep this pair on your radar.
Follow me for more updates.
Cheers,
Jabari
This trade is a simple trade if the right market structure presents itself in the weekly supply order block.
One thing you should notice is the weekly order block (view on the weekly chart). The order block was created when the price printed a bearish CHOCH on the weekly timeframe. Price has not traded into this order block with a W pattern.
If you know how 'W' patterns work you will know that this is a high probability trade as a 'W' pattern + Bearish CHOCH should equal a bearish move in price.
Keep this pair on your radar.
Follow me for more updates.
Cheers,
Jabari
Trade active
Trade closed: target reached
Trade closed: target reached