Self Explanatory
------> Weekly and Daily Price in a consolidation and price is above the upper range at resistance level. also a point of control based on previous months
------> H4 and H1 market Structure has confirmed a shift to downside and price is testing the weekly resistance level
Overall in h1 timeframe we are forming a nice bearish flag pattern. price in now testing the broken flag as resistance for a continuation to downside.
Risk Management PLan
1. The setup give nice risk to reward of 1;2
2. Our entry is based on multiple confluence ( pattern, market structure,fib level and SNR level)
3. Be patience and wait for london session to open and see how this roll towards the new york session
4. Trades become invalid if the price crosses 1.18600 level. we could expect a fakeout based fundamental of European Central Bank so have an eye on that today
Overall everything looks solid
Follow me for more highly anticipated setup!!!
------> Weekly and Daily Price in a consolidation and price is above the upper range at resistance level. also a point of control based on previous months
------> H4 and H1 market Structure has confirmed a shift to downside and price is testing the weekly resistance level
Overall in h1 timeframe we are forming a nice bearish flag pattern. price in now testing the broken flag as resistance for a continuation to downside.
Risk Management PLan
1. The setup give nice risk to reward of 1;2
2. Our entry is based on multiple confluence ( pattern, market structure,fib level and SNR level)
3. Be patience and wait for london session to open and see how this roll towards the new york session
4. Trades become invalid if the price crosses 1.18600 level. we could expect a fakeout based fundamental of European Central Bank so have an eye on that today
Overall everything looks solid
Follow me for more highly anticipated setup!!!
Trade closed: target reached:
close partial profit
