PROJECTD03--BUYGBPUSD
Updated
Price hit our supply area and he last time this occurred price flew up and we are looking to catch a similar trade right now. A Mastry candle was formed when price hit our supple and from there we put the fib and took it to the highest point. Change SL to BE @ 40 pips caught, this area has an order block so price might bounce back and forth with it for a few candlesticks.
Note
Had a tight SL and I got stomped out. Still monitoring the trade because I don't think my analysis is invalidated yet.Note
INVALIDATED. We were looking for buys and we did not realize that lower highs were being made while forming Ms. Need to watch these charts carefully and see what the market structure is. Trade could have been avoided if we had only looked at the Ms being formed along with the lower highs.
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