We have respected Market structure and it seems that we are heading to the liquidity residing above.
I would like to enter at the 50% retracement level or OTE to make a Higher Low pushing price to the upside.
Firstly we have rejected a monthly bearish order block, indicating that we are changing direction.
We have had a reaction from Market Structure level and looking to enter on a pullback if this is a continuation of a new down trend.
Looking to enter at 50% of the FVG which is also OTE (1.08090). I will be using a 30pip stop, provided that this is aligning with...
Daily has reacted from the market structure break.
Would like to see price fill the fair value and then retest equal highs (4hr OB)
We may see a continuation to the upside. Or a reversal towards the liquidity pools
- Hammer bar from previous day with strong rejection from the floor suggesting reversal to bullish trend
- 4hr chart and daily chart had closed above the 50% retracement level suggesting bullish continuation
- Expecting to hold until 13000 or higher depending on outlook
- Feedback welcome
- Lets go