From the higher time frame (w1 and 1M), price made a lower low. If that’s the case, the previous bullish move would be considered a pullback to create a lower high.
Other bearish confluences
1. Choch at supply level
2. Inducement
N/B: market works in fractals.
And of course if this analysis lines up with ur bias, it will require so much discipline and patience...
Based on smart money concept, relatively equal lows would account for liquidity (stop orders of retail traders). Although they have been a bullish engulfing candle stick pattern on w1 and D1. I believe the big players will drive prices lower to take out the stop losses of traders who bought too early (support).
If this speculation is right, then we would expect...
Based on smart money concept, relatively equal lows would account for liquidity (where retail stop loss orders are). The big players may drop prices to the liquidity area to take out retail traders who bought too early (support). If this speculation is accurate, we can look to join the temporary sell from the supply zone which xauusd is approaching this week. It...
#Trading is more of a psychological battle than a technical battle.
You’ll win most of it by staying Calm.
The impulsive thoughts come from the thinker in you mind. This is normal, don’t fight so much and don’t self hate. Self awareness would do you a lot of good in this business.
