Red and green arrows( higher highs and higher lows created ,1 week uptrend (white line) Bullish momentum
,liquidity created and grabbed then high bullish pressure breaking multiple structures, also creating imbalances inside (Yellow Highlight)
strong breaking of structure also price retraced to at Fibonacci level 78.6 perfect for a buy
,liquidity created and grabbed then high bullish pressure breaking multiple structures, also creating imbalances inside (Yellow Highlight)
strong breaking of structure also price retraced to at Fibonacci level 78.6 perfect for a buy
Trade closed: stop reached
Note
did not wait to see price action at entry point weekly trend became bearish at 09 march at 1.60000 ( started making lh and ll )
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.