By analyzing the Weekly chart I noticed the bullish trend
was coming a resistance level from 2018
My first entry was based upon the Order block candle from
My second entry was based upon noticing the market retracing after an
intial 100 pip drop from 1st entry targeting the 78 range on the fib
On the Daily TF you can see that the market retested previous support
I noticed a stop hunt on the 1 hour TF which gave me a good indication
of a possible reversal. Overall I see a sell on the higher TF
On the Daily TF I noticed a reversal pattern forming if
Bullish structure was going to continue on the lower TF
I found my entry on the 2 & 5 min TF after i noticed the
sudden spike down, then bullish structure continued
and broke the previous high. That indicated that was
the STOP HUNT.
I noticed on Feb 04 @6:00 CST market shot up which created an area of imbalance
I then scaled down to the 5 min. TF where I was able to find the actual area of imbalance
Used my fib tool to, marked off the 50% level which is where my Targeted Entery is
I noticed on the Daily TF Jan 20th's low was taken out.
There was a bearish engulfing candle which drove price lower.
I used my Fib tool and noticed an ICT candle in the 78-88% range.
I'm expecting this to go down to the weekly Support & Resistance level.