First trade
Trade type AAA
Reasons for taking this trade:
- The 50 level of the swing low and swing high did not work. That is good, this because price is not expected to obey 50fib level but its supposed to go lower since large orders take time to be filled.
- Price is in an uptrend therefore taking longs makes so much sense.
- Price is at 3rd stage liquidity.
- Price surpassed the breakout and retest level hence the retest is supposed to happen. Price will have to go back to that level.
- 1HR Timeframe is closing bullish.
- NY open is here hence this will pump liquidity
Trade type glossary
Type AAA - Very Good
Type BBB - Nice
Type CCC - 🧐
Trade type AAA
Reasons for taking this trade:
- The 50 level of the swing low and swing high did not work. That is good, this because price is not expected to obey 50fib level but its supposed to go lower since large orders take time to be filled.
- Price is in an uptrend therefore taking longs makes so much sense.
- Price is at 3rd stage liquidity.
- Price surpassed the breakout and retest level hence the retest is supposed to happen. Price will have to go back to that level.
- 1HR Timeframe is closing bullish.
- NY open is here hence this will pump liquidity
Trade type glossary
Type AAA - Very Good
Type BBB - Nice
Type CCC - 🧐