we have broken structure on higher timeframes such as 1h and 4h and this on the
smaller time frame can play out as a nice retest at this resistance area right before london session.
we dont know how long it could take for this move to play out all the way but this is what we are hoping for.
if market structure brakes above this area for london session then i will feel safe to have a long entry to recent highs/resistance. reacting fast is how we minimize our losses.
smaller time frame can play out as a nice retest at this resistance area right before london session.
we dont know how long it could take for this move to play out all the way but this is what we are hoping for.
if market structure brakes above this area for london session then i will feel safe to have a long entry to recent highs/resistance. reacting fast is how we minimize our losses.
Trade closed manually:
closed at 0.76200 stalling