Price is now reacting to H4 demand that I've talked about at the beginning of the week. I'm looking to take advantage from it.
- Weekly demand
- H4 demand
- H4 inducement
- M15 ChoCh
- Entry at M15 demand after confirmation
I need to see price retracing before making any significant move higher, then I'll wait for my confirmation. I'll comment when/if I take the position :)
There's also the possibility that price is going for the bottom of the daily structure but I already have enough confluence to take a position. Shorts are valid if price continues to move higher and above the M15 EQ but that's a different trade, that I'll share if I have time for it.
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE!
- Weekly demand
- H4 demand
- H4 inducement
- M15 ChoCh
- Entry at M15 demand after confirmation
I need to see price retracing before making any significant move higher, then I'll wait for my confirmation. I'll comment when/if I take the position :)
There's also the possibility that price is going for the bottom of the daily structure but I already have enough confluence to take a position. Shorts are valid if price continues to move higher and above the M15 EQ but that's a different trade, that I'll share if I have time for it.
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE!