I waited for price to reach the institutional level, and to observe what happens next.
27th - Price fell lower than the IL, so i waited to see if price would reverse back upwards or retest the IL.
1st Move: Price formed a doji candle on the 1H, indicating a strong reversal upwards so i entered with my SL jus underneath the previous bearish candle.
I then...
A few reasons to enter this trade. We a took a trade of the 88% because
- We was expecting a bullish move below the institutional level.
- Equal low formations and 88% is just below the previous low
With pairs that were expecting big moves from we have 45 pip SL’s, price reversed so we hit a 45 pip STOP PROFIT.
A few reasons to re enter this trade. We a took a...
A few reasons to enter this trade. We a took a trade of the 88% because
- We was expecting a bullish move below the institutional level.
- Equal low formations and 88% is just below the previous low
With pairs that were expecting big moves from we have 45 pip SL’s, price reversed so we hit a 45 pip STOP PROFIT.
A few reasons to re enter this trade. We a took a...
