Liquidity pool is resting above previous days high.
During london session open price rallied and traded through previous days high.
Dealing range has been defined by the price leg that broke the old highs.
I am anticipating price to retrace back into the range.
Entry Confirmation
1. New York Session Open.
2. 70.5% Fib level retracement level.
3. 1hr orderblock at price 1.30692.
4. Entry price is 5pips below key level 1.30750.
5. Entry price is old highs(break and retest).
6. Entry price rest inside Fair Value Gap.
During london session open price rallied and traded through previous days high.
Dealing range has been defined by the price leg that broke the old highs.
I am anticipating price to retrace back into the range.
Entry Confirmation
1. New York Session Open.
2. 70.5% Fib level retracement level.
3. 1hr orderblock at price 1.30692.
4. Entry price is 5pips below key level 1.30750.
5. Entry price is old highs(break and retest).
6. Entry price rest inside Fair Value Gap.
Trade active
Trade closed: target reached:
+35pips
Comment:
Entry was at key level 1.30750