Pre-London gave me a fake move up creating a trap for buyers to buy from at the "order block" from the swing low. I waited for the market structure to switch bearish. Identified my engulfing candle entry and held for a +2R win.
AMD Play. Accumulation during asia session. Early london session faked out early sellers, Price gave us ISC sweep. Jumped down to the 1-3 minutes and waited for a first break, then true break for reversal confirmation to be ready for sells. Waited for MSU sweep, entered off bearish engulfing candle and target next liquidity zones.
1st trade +2.69R | 2nd trade +4.0R
Price continues to make higher lows and trade higher. Expecting price to make its way towards premium price area. Going to start looking for entries once price retraces towards FVG or extreme discount.
Price is approaching strong level of support. Once price is inside of the area of interest - waiting for bullish candle confirmation to take the trade long. 1:5 RR
We are approaching a strong resistance level on the higher time frames. Currently broke out of 4h resistance - waiting on price to retest previous resistance to turn support with bullish candle stick confirmation from area of interest. Looking to take profits at the strong higher time frame resistance level.
