Overall bia Bullish on high TF
Although a huge Volume absorption to the upside from previous swing high to new one just created recently.
The swing low that gave origin to the new high is broken right after external liquidity is reached, forming a vaild CHOCH in my opinion in the higher timeframes.
both points above indicate possible reversal in order to grab internal ligquitdy
Although a huge Volume absorption to the upside from previous swing high to new one just created recently.
The swing low that gave origin to the new high is broken right after external liquidity is reached, forming a vaild CHOCH in my opinion in the higher timeframes.
both points above indicate possible reversal in order to grab internal ligquitdy
Trade closed: stop reached:
after careful analysis this was just a bad trade overall with a fake choch not a valid one