I was going to wait for a break but I changed my mind and still buy bias
My confluences
1. 3RD trend line touch
2. 1.8 sup touched at the same time
3. Buyers market
4. 1 hour candle is a bullish piercing line
5.-25/-27 retracement and the 61.8% retrace match up perfectly with TP( quarter level theory ) and structure
6. on the 4 hour we see a lot of bearish engulfing patterns, I mean they are huge, But they aren't bringing price down so I think there's a lot of liquidity of sellers that are going to be collected
Things that can go wrong
1.StopHunt
2.My SL is to tight
3. I am wrong
4.Bad timing in the market
5.fundemtnal
6. My buy limit already got hit so am good actually
This a super aggressive trade with a aggressive SL.
My confluences
1. 3RD trend line touch
2. 1.8 sup touched at the same time
3. Buyers market
4. 1 hour candle is a bullish piercing line
5.-25/-27 retracement and the 61.8% retrace match up perfectly with TP( quarter level theory ) and structure
6. on the 4 hour we see a lot of bearish engulfing patterns, I mean they are huge, But they aren't bringing price down so I think there's a lot of liquidity of sellers that are going to be collected
Things that can go wrong
1.StopHunt
2.My SL is to tight
3. I am wrong
4.Bad timing in the market
5.fundemtnal
6. My buy limit already got hit so am good actually
This a super aggressive trade with a aggressive SL.
Comment:
We don't play around here.