this is a possible intraday setup of risk , reward of 1:3 , with no expected high impact news most of the bias was derived from technical perspective.
price on the hourly chart is trading in an bearish parallel channel having broken bullish trendline forming full OHCL candlesticks below indicating a shift of current momentum from bullish to bearish making this a counter trend setup.
I am looking for longs around liquidity pool ranging from 1.09830 to 1.09793 where there is a fresh demand valley of proximal price @ 1.0925 nested in the pool which is the area of interest for long positions with targets to daily supply peak of proximal price @ 1.10526 with stops below recent low 20 pips from entry price.
As long as you keep going, you'll keep getting better. And as you get better, you gain more confidence. That alone is success. Tamara Taylor
price on the hourly chart is trading in an bearish parallel channel having broken bullish trendline forming full OHCL candlesticks below indicating a shift of current momentum from bullish to bearish making this a counter trend setup.
I am looking for longs around liquidity pool ranging from 1.09830 to 1.09793 where there is a fresh demand valley of proximal price @ 1.0925 nested in the pool which is the area of interest for long positions with targets to daily supply peak of proximal price @ 1.10526 with stops below recent low 20 pips from entry price.
As long as you keep going, you'll keep getting better. And as you get better, you gain more confidence. That alone is success. Tamara Taylor
Order cancelled:
setup is invalid. price went straight up without retracing to our entry price.