Price is currently in the bottom part of the 4H orderblock.
The reaction seams weak for a large dump and buyers are not kicking in.
However, I'm still long as we did made higher low since the dump on the 1H and 6K IS still acting as support.
As traders we have to ignore emotions and this is a long set-up for me so let's do this ! I don't mind keeping this position for a while.
My first target is the top of the 4hOB.
Invalidation would be a close under 6100. Definitly don't want a break of the weekly support
The reaction seams weak for a large dump and buyers are not kicking in.
However, I'm still long as we did made higher low since the dump on the 1H and 6K IS still acting as support.
As traders we have to ignore emotions and this is a long set-up for me so let's do this ! I don't mind keeping this position for a while.
My first target is the top of the 4hOB.
Invalidation would be a close under 6100. Definitly don't want a break of the weekly support
Trade closed: target reached:
So it was maybe one of my best trade. Long from 6174.5 and it perfectly touched the target but I have to admit I had a bunch of intermediary target reached on the way up so I closed only 10% at the top but it's more than ok for me.