Weekly:
- Bearish candle close
- Natural M
- IC is holding down the price
*Disadvantage is the positioning on the weekly TF
*Monthly TF is at this moment forming a bearish W + bearish candle close
Daily:
- Bearish
- Natural W + H&S
- IC as left shoulder S&D zone
- Clear rejection of the S&D zone
*First continuation pattern after forming the reversal
4H:
- Bullish
- 3 leg -68 FC
- Deceleration + Bearish W
*Deceleration entry was not taking due to involvement in other GBP pair
*Bearish W is valid to take
*No high swing potential due to weekly position
Trade closed: target reached
Note
Review: 3,61% netto profit bankedW/
- Bearish candle close
- Bullish MS (Natural M)
+IC in our favor
+Monthly TF is Bearish W with bearish candle (not closed)
D/
- Bearish
- Natural W + H&S
- Clear rejection of the S1 S&D zone that aligns with S&D zone
*Smaller Bullish M could play against us
4H/
- Bullish
- 3 leg -68 FC
- Deceleration (not taken due to exposure GBP pairs BUT should have took it)
- Bearish W (was taken)
Partials taken at Daily IC in disadvantage due to positioning weekly (not proved that we broke and retested)
*Full close due to 10% challenges
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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.