1-Downtrend on daily or whatever timeframe 2-Lots of liquidity to clean below 1.56254 3-Price failed to swep the liquidity and tried to form a recover uptrend to make everyone think that we will have a change of trend then dropped down and decided to make the last attempt to recover before dropping all the way down. 4-POI candle ( 3hr tm ) at 1.5700 which is a...
GBPCHF LONG Confirmation checklist 1.50% Retest of POI at 1.2532 2. Fib Retracement 78.60-88.60% 3. Continuation of the pullback 4. Imb to fill 1.2248 5. Continuation of the uptrend Check on smaller timeframe to snipe the entry or wait for a possible fakeout of both trends before taking the entry