Price tested the 50 EMA on the Daily timeframe + Respected a daily order block. Now we have bearish structure on the 3 hour timeframe which has been broken, and now expecting a retest into the order block formed underneath the 50% of this fib. Looking to take buys in this region with a set TP 1 shown on the chart.
Comment:
we're inside the entry zone
Comment:
price rejected, but entry was out of my usual session. will see if price can retest it again. if not, I missed the trade
Comment:
price is now retracing. will post a new chart with my entry and stop loss
Trade active
Comment:
The trade was a success