Check out 4h, dojis and then 4h bear engulfing closed middle of London
Break and retest of pivot point NY pre open and ran away during NY Friday and last day of month
* Trap false move pre session beginning NY *
* Trap traders long & run away quick short *
More important than pivot point is the psychology behind the banks trap move
Higher TF keeps everything clear
Break and retest of pivot point NY pre open and ran away during NY Friday and last day of month
* Trap false move pre session beginning NY *
* Trap traders long & run away quick short *
More important than pivot point is the psychology behind the banks trap move
Higher TF keeps everything clear
Comment:
The trap move to be specific is the 1h shooting star/pin bar circled in yellow