Price came back to revisit the area of supply that created that LL on the H4.
although we are in bullish flow we still remained in bearish H4 structure so when price came into the supply area once again i dropped down to my LTFs(m1-m5) to look for transition.
- i found price breaking flow on the LTF which led into a creation of a QM that broke the LTF(m1) trednline. I then waited for the m15 to close strong. - once the m15 closed strong(10am candle) i looked for the LTF(m1) to retest and i got in on an engulfing candle
- TP GOT SMASHED around 9:40am just after NYSE open pump!! lets gooo
- 1:18.52 for 85pips!!
- looks like price revisited H1/H4 supply around 1.21719 created during pre-NY on June 10, where it liquidated orders before FLYING straight to TP
- Took 90% partials out but hey that 10% runner really did some damage ... never forget to take partials!
ntrinidad
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Fri, June 11 update @ 1:47am:
(Frankfurt going into London)
- closed 90% at failure to follow thru on the break of flow at 1.21531 and stops move to breakeven
- looks like price fell into that unmitigated demand area and grabbed orders to move price back up
- ranged up on h4 looking to make a decsion, pretty consolidated (orders building up).. still within the h4 bearish structure
-on Daily its looking like price wants to attempt to get follow thru on the bullish breakouts at 1.22664 & 1.22543
- the weekly looks to be rounding out
conclusion:
- intraday - wait to see what price does at liquidity levels(AOIs) outside of the range to either side
- intraweek - see if price to round outs based on the intraday move or continues into new bullish structure
- TP GOT SMASHED around 9:40am just after NYSE open pump!! lets gooo
- 1:18.52 for 85pips!!
- looks like price revisited H1/H4 supply around 1.21719 created during pre-NY on June 10, where it liquidated orders before FLYING straight to TP
- Took 90% partials out but hey that 10% runner really did some damage ... never forget to take partials!