Technical:
Overall a strong resistance was broken (strong break) leaving a FVG. The pullback was within the 50.00% - 62.00% Fib. range. I entered on the 15min timeframe after price filled the Imbalance and left my POI (marked zone). When leaving the marked POI, price left 3 green momentum candles, giving me more confluence (15min timeframe).
Im trading with the trend. NZDJPY has been on an uptrend for quite some time.
Ill cash out my original risk, when price hits 1:5 RR.
Im also gonna adjust my SL, too risky for me...
Fundamental/Sentimental:
So there arent any major news coming up so I should be fine when it comes to highly volatile situations.
Retail sentiment is 75% bearish, which is good enough for me.
Thats it, Im still learning and developing this strategy...
Overall a strong resistance was broken (strong break) leaving a FVG. The pullback was within the 50.00% - 62.00% Fib. range. I entered on the 15min timeframe after price filled the Imbalance and left my POI (marked zone). When leaving the marked POI, price left 3 green momentum candles, giving me more confluence (15min timeframe).
Im trading with the trend. NZDJPY has been on an uptrend for quite some time.
Ill cash out my original risk, when price hits 1:5 RR.
Im also gonna adjust my SL, too risky for me...
Fundamental/Sentimental:
So there arent any major news coming up so I should be fine when it comes to highly volatile situations.
Retail sentiment is 75% bearish, which is good enough for me.
Thats it, Im still learning and developing this strategy...