Price opened 1.23352 and moved higher. Notice the lower high swing( Green X) Price moved lower 4 candles and quickly pushed higher 2 candles and raided stops resting at Green x.
Price has moved sharply lower. This is a sign for me that someone with large fund had stepped in. I believe market will push lower to raid stops resting at 1.22580.
For me, a higher probability buy setup is when price breaks above the 1.23587 level and wait for retracement back into 1.23587 for a buy.
Price has moved sharply lower. This is a sign for me that someone with large fund had stepped in. I believe market will push lower to raid stops resting at 1.22580.
For me, a higher probability buy setup is when price breaks above the 1.23587 level and wait for retracement back into 1.23587 for a buy.