Impulsive down move formed on March 23, breaking structure to the south after liquidity grab.
Market makers are now mitigating their position, going up to the order block.
A sub-sequent down move is awaited once the price hits the order block
Market makers are now mitigating their position, going up to the order block.
A sub-sequent down move is awaited once the price hits the order block
Note
On 15 min. timeframe we still have an uptrend. I will move my stop to break even only in case the price broke the structure below, and show me a "lower low".
Some RSI divergence is visible, that could be a good sign.
Trade closed: stop reached
Stop reached, no regrets as the trade matched all my trading rules. Next one
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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.