Trade at your own risk, I am in sells from above, this is a re entry for me :)
I am looking at a potential buy area to fill IPA and also take out liquidity that was recently created.
I have a buy area on GOLD that I am currently looking for a sell to buy.
I am planning on buying NZDUSD on another mitigation play to continue walking price up to a possible IPA fill.
I am playing off of EJ mitigation on mitigation plays selling areas. Price has just been walking down continuing creating healthy price action so I will follow the direction and continue to take it down. There are relative lows around 117 that we can see price go down to sweep but my first area for partials would be 119.5 because of the candle that I have...
I am looking to buy off a 4 hour mitigation candle and possible IPA fill. I will watch price when it gets to my zone and will take a entry if we dip into 50% or the 1hr IPA fill. I am looking to take it up to the liquidity to the left where we recently got a sell off at.
I am selling at the whole level 109 which is exactly at 50% of the candle that took liquidity and reached for an ipa fill. If this setup plays out I plan on holding for a few hundred pips but will take partials at the disruption daily candle where I put the TP on the chart. after 25 pips in profit I move SL to BE so we don't let a winner become a loser.
I am buying off a mitigation play to hopefully continue walking price up. The area that I am planning on taking profit is around a imbalance in price.
I plan on buying off a mitigation candle which will fill some inefficient price action and am looking to hold it up to take out the liquidity and fill the gap that it left.