High-probable set-up but not ready yet!
Hello traders,
Still patient for a potential buy set-up. Price-action left an obvious near-miss with the hookpoint and the lowertime frame isn't convincing at all, no signs of bigger players stepping in yet, which may lead to a last drop into the value area.
Looking forward how price-action is going to respond at the VA, likely a break and a strong close back into the pattern, which results the last shake-out of early buyers. The VA lines with the .618 FIB (I use this as a guidance for a structure).
If this idea commits including the entry, it's likely I can manage this accordingly and the odds are increasing that I can hold it till ATH
The chart is inverted!
Trade safe
Still patient for a potential buy set-up. Price-action left an obvious near-miss with the hookpoint and the lowertime frame isn't convincing at all, no signs of bigger players stepping in yet, which may lead to a last drop into the value area.
Looking forward how price-action is going to respond at the VA, likely a break and a strong close back into the pattern, which results the last shake-out of early buyers. The VA lines with the .618 FIB (I use this as a guidance for a structure).
If this idea commits including the entry, it's likely I can manage this accordingly and the odds are increasing that I can hold it till ATH
The chart is inverted!
Trade safe
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