Price is sitting at our order block area from march 2019 and touched that OB in December 2019. We are looking for a SELL trade and are used the wykoff distribution pattern on 1H TF. Will enter when price hits the 618 but it may go up to the 786 level to our 15M OB. Looking to take partials at 35 pips and letting the trade run risk free after that. Price may retrace back to our entry and push all the way down. Short term goal is 35 pips and letting it run risk free long term goal is 160 pips.
Comment:
INVALIDATED? SL was stomped (halfway above 786) but going to be watching price action to see if we can get another entry.