Break of orange support
price retraced
sell stop placed at the low of the break through candle
POI liquidity
price retraced
sell stop placed at the low of the break through candle
POI liquidity
Trade closed: stop reached:
5min chart
Knew market volatility was coming & anticipated price to drive down
reading candles & wicks (candles on higher time frames too)
aswell as liquidity there, decided to use the large wick on 5min chart @ the 1:15pm candle close as the stop loss & volume came it pushed price up.
= -3pips
can't add the link to screenshot as on basic TV.
now reset & wait
Knew market volatility was coming & anticipated price to drive down
reading candles & wicks (candles on higher time frames too)
aswell as liquidity there, decided to use the large wick on 5min chart @ the 1:15pm candle close as the stop loss & volume came it pushed price up.
= -3pips
can't add the link to screenshot as on basic TV.
now reset & wait