hey guys when you trade you have to understand the market behavior.
recently I have started to notice 1 particular behavior this morning and yesterday also.
goto 5min at 10.30.
-1st gbpusd will create high/low (in this scenario it is creating high) and
-then creates low and
-then goes up just and then comes down just to take the low it has created after 10.30 am. I have noticed this on Tuesday and Wednesday.
your job is to check on Thursday and Friday.
I took entry once low is taken out, and currently took short bcz a huge candle move due to an event and I thought now everyone will book their profit, and also rsi was weak.
It originally TP hit but I have decided to go for the huge move just bcz I have booked my profit in the morning trade(the psychology part)
currently, i am travelling, will try to update my analysis before my trade
recently I have started to notice 1 particular behavior this morning and yesterday also.
goto 5min at 10.30.
-1st gbpusd will create high/low (in this scenario it is creating high) and
-then creates low and
-then goes up just and then comes down just to take the low it has created after 10.30 am. I have noticed this on Tuesday and Wednesday.
your job is to check on Thursday and Friday.
I took entry once low is taken out, and currently took short bcz a huge candle move due to an event and I thought now everyone will book their profit, and also rsi was weak.
It originally TP hit but I have decided to go for the huge move just bcz I have booked my profit in the morning trade(the psychology part)
currently, i am travelling, will try to update my analysis before my trade
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.