USD weakness across the board points us to a simple break and retest setup using buyer depletion as our entry
On this last Asian setup price action points to a potential short term opportunity using a variety of confluences, lets see what happens
Requirements met for a break and retest setup using buyer depletion
We can see sellers have been depleted over the past hour and price has qualified for playbook setup B&R using our depletion entry. Good probability of reaching 1:2 RR. Lets see what happens over the rest of ASIA and check back in during London. Safe trading everyone, see y'all soon!
Price has met all requirements of our Break and Retest setup using depletion entry, should have enough gas for at least 2R. Lets see if the probabilities play out
We have identified one of our playbook setups on USDCHF in a classic break and retest. Price in overall uptrend after breaking multiple downtrend lines
GU has presented a Libra setup right from our playbook with entry conditions met and currency strength on our side, going for at least 2R on this one