- Bearish candle close
- Natural M
- IC is holding down the price
*Disadvantage is the positioning on the weekly TF
*Monthly TF is at this moment forming a bearish W + bearish candle close
- Bearish
- Natural W + H&S
- IC as left shoulder S&D zone
- Clear rejection of the S&D zone
*First continuation pattern after forming the reversal
- Bullish
- 3 leg -68 FC
- Deceleration + Bearish W
*Deceleration entry was not taking due to involvement in other GBP pair
*Bearish W is valid to take
*No high swing potential due to weekly position
Trade closed: target reached
W/
- Bearish candle close
- Bullish MS (Natural M)
+IC in our favor
+Monthly TF is Bearish W with bearish candle (not closed)
D/
- Bearish
- Natural W + H&S
- Clear rejection of the S1 S&D zone that aligns with S&D zone
*Smaller Bullish M could play against us
4H/
- Bullish
- 3 leg -68 FC
- Deceleration (not taken due to exposure GBP pairs BUT should have took it)
- Bearish W (was taken)
Partials taken at Daily IC in disadvantage due to positioning weekly (not proved that we broke and retested)
*Full close due to 10% challenges