Reason:
Market structure bullish
Fair value gap (2h timeframe)
break of structure
COT have been buying it long last week which tells us that bullish momentum will most likely continue
Market structure bullish
Fair value gap (2h timeframe)
break of structure
COT have been buying it long last week which tells us that bullish momentum will most likely continue
Trade active:
Price went a bit higher but i forgot to edit my fibonacci retracement using that new swing high so i also forgot to edit the trade set-up but still we got in the trade and are floating in nice profit atm
Comment:
Even tho im still in this trade i will be closing it after market close and minimalize my loss as i expect that the nikkei might be in bearish territory with the Bank of Japan seriously thinking about a rate hike this month which will also end their negative interest rate policy so i expect Nikkei to be bearish for the coming couple weeks probably months? as Yen will gain a lot of value