This is Chfjpy H4.you see the circled area, that was our high before it was broken to indicate that market structure has changed to bullish. Do you see the small rectangle inside the bigger one? That's the fresh order block that led to breaking of that high. So, I was expecting to enter buys at that OB which I have refined on H1 to get buy entries. The order block at 120.98 is the one that caused that downside correction move which was supposed to go to the buy OB. That's why I have entered a sell there at 120.98 with sl at 121.25( slightly above the OB) and target 1 at 120.33.
A break above 121.25 will indicate buy continuation
All potential parameters in the chart
A break above 121.25 will indicate buy continuation
All potential parameters in the chart
Trade active:
Running 40 pips. Start taking partials
Comment:
Running 50 pips. Approching tp1