Visible on 5min chart...
My Approach will B2:
Open small LONG position NOW @5314
100x Leverage
SL: $5300
Have 2 SHORT Limit Orders placed above Wash zone equal to height of wash cycle zone.
1_Medium size SHORT order in RED Scalp Zone
(2%) 7-25x Leverage
2_ Larger SHORT Limit Order in Liquidity Zone
(5-10%) 10x-33x Leverage
Place STOP Loss in the...
Just a quick one here. High likely a cypher pattern on 1 hour time frame coincide with the resistance level; giving us additional confluence that sellers could step in to short the market at that price level.
Entry, stops and take profit as shown. TP2 at 61.8% fib retracement level
Cheers.
