Its Good Friday today and most pairs are resting. Analysis done on GJ and seems that the key levels are respected most of the time. Here are my take on GJ. I will wait for BOS confirmation which is I see there will be a continuation to the upside. Will return to test the 1H or 4H key levels. Once inside the key levels, I will use smaller timeframe like 15m-5m for...
What I wanted to see that price breaks the previous low and move to the order blocks. Expecting a strong bearish candle which gives a confirmation that the price will move downwards. If the price touches the order block, I would expect a rejection wick. If this does happen, then I will take entry on the retest and exit at the previous high, let the runner loose...
Still learning to adapt with block orders trading. Saw an imbalance in 15min TF but not sure if the market is going back to take on them. Somehow managed to catch block order on 5min TF. 1:4R hopefully the plans work. Shifted my SL in 10pips profit. If doesn't work, well, still a win for today.
My setup target missed by few pips. Was expecting a touch by a long rejection wick at the order block but it didn't happen. Well, life goes on. Find a new setup.
