Small timeframe rising channel confluence with POC level
Slow rising channel reaching it's top in confluence with the fill of the imbalance to the POC level + the rejection of the Daily 200 EMA
This chart shows the 15 timeframe
self explanatory trade. Multiple confluences
And to reinforce the setup, here is NZDUSD on the 1H where it could be creating a new trendline if it rejects at this exact area:
Personally I took the trade on NZDUSD because it gives me a better RR
This chart shows the 15 timeframe
self explanatory trade. Multiple confluences
And to reinforce the setup, here is NZDUSD on the 1H where it could be creating a new trendline if it rejects at this exact area:
Personally I took the trade on NZDUSD because it gives me a better RR
Trade closed: stop reached:
well that didn't work..