Good morning ladies & gents.
USDCHF has also broken market structure, looking for a reversal trade from this area going short.
After trading up aggressively into our D1 Bearish Orderblock, I see a reversal from this area down to the H4 Bullish Orderblock and also the BISI area below, once it hits the BISI and the Market Maker's books are rebalanced on the H4/D1 chart, I'll be looking for a continuation trade going long.
The BISI is a very high probability reversal area, so I believe that 1:13 is on the table.
Good luck everyone.
USDCHF has also broken market structure, looking for a reversal trade from this area going short.
After trading up aggressively into our D1 Bearish Orderblock, I see a reversal from this area down to the H4 Bullish Orderblock and also the BISI area below, once it hits the BISI and the Market Maker's books are rebalanced on the H4/D1 chart, I'll be looking for a continuation trade going long.
The BISI is a very high probability reversal area, so I believe that 1:13 is on the table.
Good luck everyone.
Trade active:
Stop moved to Breakeven.
Order cancelled:
Bizzare price action to be honest.
Shorts is still on the table, will look for a potential re-entry tomorrow.
Stopped out at breakeven.
Shorts is still on the table, will look for a potential re-entry tomorrow.
Stopped out at breakeven.
