Current Trend: Uptrend
-Price is consistently printing higher highs and higher lows indicating we are in an uptrend and should be looking for buys
Confluence #2: We are being patient and waiting for price to retrace into our golden zone to trigger our entry.
Confluence #3: RSI indicator
Price is currently showing oversold meaning we are looking for a change in trend soon which is in line with our current bias.
Confluence #4: Price Action
Candles are getting smaller and more wicks are occurring meaning buyers and sellers are currently at equilibrium. Price will look to make a break from here. This is a zone where banks manipulate price to take out retail traders and get the best entry they can get and the goal is to get an entry in with them!
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We are risking 15 pips to win 120 pips for a risk to reward of 8:1.
Be patient and wait for the best entry
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#WakeUpInProfit
-Price is consistently printing higher highs and higher lows indicating we are in an uptrend and should be looking for buys
Confluence #2: We are being patient and waiting for price to retrace into our golden zone to trigger our entry.
Confluence #3: RSI indicator
Price is currently showing oversold meaning we are looking for a change in trend soon which is in line with our current bias.
Confluence #4: Price Action
Candles are getting smaller and more wicks are occurring meaning buyers and sellers are currently at equilibrium. Price will look to make a break from here. This is a zone where banks manipulate price to take out retail traders and get the best entry they can get and the goal is to get an entry in with them!
-
We are risking 15 pips to win 120 pips for a risk to reward of 8:1.
Be patient and wait for the best entry
-
#WakeUpInProfit