Trading The Forex Master Pattern - GBPUSD EOD (Part 4)
Beautiful development of the Forex Master Pattern today, in a macro and micro view.
1, 2, 3, 4 - Classic master pattern funneling out action from macro origin point
A, B, C , D - Classic master pattern funneling out action from micro origin point
Note that D is the Phase 3 (Trend) of the latest origin point, which is also leg 5 of the macro origin point which is expanding lower at the moment giving us a multi-leg expansion
E, 6 - Note here the buy side liquidity is the next high probability spot for price to go and, if it takes out the low at 3, we have a high probability of price keep going lower (if it settles below this low). If price reverses for an expansion leg higher and we get HTF rotating to green on heikin ashi, there is a high probability we will end up taking out the high at 4/C targeting that sell side liquidity.
1, 2, 3, 4 - Classic master pattern funneling out action from macro origin point
A, B, C , D - Classic master pattern funneling out action from micro origin point
Note that D is the Phase 3 (Trend) of the latest origin point, which is also leg 5 of the macro origin point which is expanding lower at the moment giving us a multi-leg expansion
E, 6 - Note here the buy side liquidity is the next high probability spot for price to go and, if it takes out the low at 3, we have a high probability of price keep going lower (if it settles below this low). If price reverses for an expansion leg higher and we get HTF rotating to green on heikin ashi, there is a high probability we will end up taking out the high at 4/C targeting that sell side liquidity.
