- We was expecting a move below the institutional level.
- Equal low formations and 88% is just below the previous low
With pairs that were expecting big moves from we have 45 pip SL’s, price reversed so we hit a 45 pip STOP PROFIT.
A few reasons to re enter this trade. We a took a trade of the yellow 50% of a previous GBP Candle by the first low because
- Price reacts of session candles
- Price hit the 50% line on the first trade