Price has reached and showed willingness to move away from the OB at 1.17800(This entry was missed because it was after 11:30). After a break of sell structure ill look for a entry during either London or NY @ 1.17850. This could be the weekly low.
(Working towards trading on bare charts and forecasting the next day's move)
(Working towards trading on bare charts and forecasting the next day's move)
Note
*Typo on the charts* most recently broken structure should be labeled "buyside" not "sellside"Note
Reasoning behind taking this trade was the failure to regain structure below AR high. Then my shorts were stopped in profit which lead me to believe the initial move down out of AR was creating the low of the day. Shorts were simply me trying to get a buy entry a little lower, but we take what the market gives us.Trade closed: stop reached
Stop profits hit.Disclaimer
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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.