We had an inside bar on yesterday's price action on pound dollar.
I want to see a smart money reversal and the the market delivers liq to the Asian level.
But I would like to see a clear liq sweep @ the prev weekly lows and the see the reversal model form.
I think on a 15 min/5 min t.f, we might have completed the ongoing AMD /power of 3 setup and that's why I'm longs' biased
Follow and boost the idea if you agree and want to see more of such content
I want to see a smart money reversal and the the market delivers liq to the Asian level.
But I would like to see a clear liq sweep @ the prev weekly lows and the see the reversal model form.
I think on a 15 min/5 min t.f, we might have completed the ongoing AMD /power of 3 setup and that's why I'm longs' biased
Follow and boost the idea if you agree and want to see more of such content
Note
practically, this is the power of 3/AMD(accumulation, manipulation & distribution) setup.
Once it delivers liquidity and collects buys, the market will reverse strong & fast back above London highs.
That will also have created a Judas swing on London kill-zone
Note
And there goes my low risk buys
Trade active
I'm now ok with a B.E
Order cancelled
Taken out on B.E on NY open. Lets see how it'll play out during NY
Note
Apparently I was wrong bout the trend or maybe just how N.Y would have played out.But at least we made no loss.
Remember, not all bad trades take your stop & not all good trades take profit.
# Psychology of the day
Note
Target delivered but again no entry. Yesterday had a hectic price action
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.
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.