Daily : bearish bias with price swiped previous day high and closed below previous daily high which confluences with closing the void depicted in red box
in 1 hour TF as we can see "Change of character" with imbalance after swiping the liquidity above which signal us that the price will go down.
Conclusion: we go short
how low can we go?
for this trade I only took 3.2R and doesn't mind whether it goes below more into "blue box" seen in daily TF. 3 R is enough
in 1 hour TF as we can see "Change of character" with imbalance after swiping the liquidity above which signal us that the price will go down.
Conclusion: we go short
how low can we go?
for this trade I only took 3.2R and doesn't mind whether it goes below more into "blue box" seen in daily TF. 3 R is enough
Trade closed: target reached:
done for this trade
thanks all
thanks all