POI (Point of interest) areas for today. I'm waiting for price to take liquidity and react to these areas. I shall personally take entries dependent on how price reacts in these zones.
Take Profit Areas: I will be taking profit at the next high or low within the structure depending on how price reacts to the POI and certain areas. Many factors can play out as to and earlier TP. You can either do short term structure or intraday (1H timeframe structure). I personally will not do anything less than 1:2 R:R.
Invalid POI: If price takes liquidity on the 1m timeframe in any area and shoots towards a POI, then that POI is more than likely invalidated. If price slows down before reaching a POI, then it's more then likely valid.
Trade at your own risk. Good luck today!
*Warning*: 8:30 Hard news today
Take Profit Areas: I will be taking profit at the next high or low within the structure depending on how price reacts to the POI and certain areas. Many factors can play out as to and earlier TP. You can either do short term structure or intraday (1H timeframe structure). I personally will not do anything less than 1:2 R:R.
Invalid POI: If price takes liquidity on the 1m timeframe in any area and shoots towards a POI, then that POI is more than likely invalidated. If price slows down before reaching a POI, then it's more then likely valid.
Trade at your own risk. Good luck today!
*Warning*: 8:30 Hard news today