Rejection of 1412 M30 supply zone
Daily closed bearish indicating a possibility of another bearish day.
Price broke below 1410 which only meant that price would try to push up to retest this level again before pushing back down to 1400.
My idea was:
-Price pushed to an M30 resistance zone then rejected on M30.
-I waited as price pushed up for a liquidity wick to push the M30 candle down.
-Luckily I didn't have to wait for too long before price reached a level that I was comfortable taking a sell.
-I had initially intended to hold my trade down to 1400 for a 1:3.8 setup but today is Friday and the odds of the market doing that wasn't in my favor if no fundaments were going to help push it's price down so it made send to collect a quick 1:1.8 than get the wrath of gold.
-I took my profits not too long after so it was a very quick day for me.
Price broke below 1410 which only meant that price would try to push up to retest this level again before pushing back down to 1400.
My idea was:
-Price pushed to an M30 resistance zone then rejected on M30.
-I waited as price pushed up for a liquidity wick to push the M30 candle down.
-Luckily I didn't have to wait for too long before price reached a level that I was comfortable taking a sell.
-I had initially intended to hold my trade down to 1400 for a 1:3.8 setup but today is Friday and the odds of the market doing that wasn't in my favor if no fundaments were going to help push it's price down so it made send to collect a quick 1:1.8 than get the wrath of gold.
-I took my profits not too long after so it was a very quick day for me.
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