After a lengthy consolidation, EJ found some liquidity resting below the 155.511 low and created a Bullish Order Block. The channel we were in has also been broken. We looking to go long on the Reclaimed Order Block coming in at 157.614 targeting 165.342
Comment:
After the 159.752 area was swept, we may get an entry opportunity for those who missed the initial entry level.
Comment:
Price failed to trade back into our re entry level, partial profits have been secured and our stops were moved to break even. I don't recommend any entries in this area just yet.
Comment:
Exited my positions on EJ, break in structure on H4 TF at 162.783 is threatening the livelihood of our 165.342 target being hit. Left 10% of my initial position running.