SNIPED ENTRY 15M TF
Updated
1.Price is bearish in all time frames Weekly, Daily, 4H. However, as price reached a demand zone in 4H TF, we dropped to LTF 15M and waited for a break of structure i personally wanted 15M TF pull back to take out liquidity from a high but wasn't possible.
2. As liquidity is what move the market there's a ton up there which means price will go and grabbed it all, that's why i have a very extended TP which is exactly where my supply zone is in 4H TF.
2. As liquidity is what move the market there's a ton up there which means price will go and grabbed it all, that's why i have a very extended TP which is exactly where my supply zone is in 4H TF.
Order cancelled
As price continues to do HH, I will execute my entry by looking for confirmation in lower time frame such as M1. I'll be checking the price very closely once it reaches one of my POISNote
As I said above, I removed the buy limits and waited for price to get dipper into my demand zone and from here I was going to look for confirmation in lower time frame such as M5-M1. I saw a very clear confirmation and executed my trade without hesitation. On the other hand, remember this was a very risky entry because price is actually bearish in higher time frame, we just want to trade the pull back until a strong supply zone in higher time frame is hit.
So, if you got in this trade, we just hit a beautiful SL nothing more. Remember that if you have risk management there's nothing to worried about there are more setup to come always keep in mind that: A WIINING TRADE MEANS NOTHING. THE TRADE IN WHICH YOU FOLLOWED YOUR RULES IS THE REAL WINNER!
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.