We have seen massive movement on this pair for the past days to the upside. We had a intraday downtrend which was a correctional move on this massive wave up, that had zero breathe so far.
Im looking at a break of this downtrend/retracement now and im looking at 15minute chart signals to get in for long positions.
Set up is not valid, if we break back in below with huge wicks to the upside, indicating that the market has found liquidity there in a 4H orderblock.
Im looking at a break of this downtrend/retracement now and im looking at 15minute chart signals to get in for long positions.
Set up is not valid, if we break back in below with huge wicks to the upside, indicating that the market has found liquidity there in a 4H orderblock.
Comment:
New York open with bearish momentum. Indication to me that the bearish trend continues. Will have an eye out for 68.400 how price reacts to that orderblock.
If it breaches im not looking for longs anymore
This is why its extremely important to stay patient and don't jump in because you're afraid to miss the trade set up !
If it breaches im not looking for longs anymore
This is why its extremely important to stay patient and don't jump in because you're afraid to miss the trade set up !
Trade active:
68.500 orderblock filled and supported. Long position with 10 pips below the orderblock
Trade closed manually:
50% of SL out
Awaiting London open movement for long positions