Bias Analysis: While the daily and 4H biases were both bearish, price reacted out of a 4H order block before consolidating on the 1H range, signalling that a deeper pullback may be on the cards. Once price swept liquidity to the downside on the 1H and then again on the 15M, this time as it protracted lower during London open, My trade parameters had been met and I seeked entry confirmation on the 15M and micro-timeframes (5M/1M)
Grade: High Quality Valid
What I did well or could've done better
- I remained neutral on this pair and had both a long and short bias heading into the week. I waited for the market to show me which direction it was most likely to distribute in and executed accordingly.
Grade: High Quality Valid
What I did well or could've done better
- I remained neutral on this pair and had both a long and short bias heading into the week. I waited for the market to show me which direction it was most likely to distribute in and executed accordingly.
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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.