-Based on the liquidity candle printed prior to the close of the current H4 candle; which closes in a approx 5 minutes,
a buy order will very much prevail in the New York session.
-Will be placing my stop below the low of the H4 candle at say 1.06180 area and ride the wave up to the next zone.
-Price may drop wihin the the next four hours but based on the liquidity candle I highly doubt price will drop below the H4 candle.
However, if it so does, it means i was wrong and my trade will have hit sop loss.
-Thank for the day. Enjoy.
a buy order will very much prevail in the New York session.
-Will be placing my stop below the low of the H4 candle at say 1.06180 area and ride the wave up to the next zone.
-Price may drop wihin the the next four hours but based on the liquidity candle I highly doubt price will drop below the H4 candle.
However, if it so does, it means i was wrong and my trade will have hit sop loss.
-Thank for the day. Enjoy.
Comment:
Take profit reached. Thank u for the day
Trade closed: target reached
-Zooming in to the chart, we see this pattern here