Beautiful setup formed for new york, break and retested level with hidden bearish divergence which signals trend continuation to the downside. You can enter at ny open .
Scalp already in profit but trust me, long term bearish hold bearish for longer term if wanted.
Support and resistance,trendline,fomo, retail traders all shorting. Why do the same?
Price made a small retracement, at break of low going short as there is fair value gap to be filled for a quick scalp. If price bounces then uptrend continues
Great rr ratio and rejections were given off that level, simple break & retest
As you can see , already twice the market has came into that level bullish momentum and was rejected. If rejection keeps happening I will be looking to go short. If it breaks level then long.
I believe there will be a liquidity run to the upside and take out the previous high before retracing back.
1hr order block, overall downtrend, rejection off optimal entry fib level, bearish divergence.
On 4 hr orderblock, rejection of 79% retracement, hidden bearish divergence. I will be using this as my trading journal, do not take this as advice.
buy trade I just took off the 15 min, I believe overall trend will shift back to bearish later in the week.
trade I will be taking if sell limit at 135.150 gets triggered, very handsome RR.
an order limit I have with a great rr over 200 pips to lose 30 pips, just a risk I am taking this is not advice.
I believe we are in an accumulation phase right now,at the break of this structure I will be going long and targeting all the liquidity above 1700 level
Caught around 400 plus pips on buy trade last week, now it will stumble upon a supply zone and 4 hr order block. Will see how market opens and how it reacts prior to london open. Gbp currency is also weakening due to coronavirus.
Price reached demand zone and had a liquidity pull, waiting for retest on a 4hr tf orderblock in order to enter long. Target is break of previous candle high.
Broke resistance for a liquidity hunt, when buyers exhaustion starts to occur look for a short within that supply zone