Price created an FTR zone which it is now finally revisiting for the first time. Price failed to close below the zone and provided a bullish candle close as further bullish confirmation. Looking to buy till the next pivot point with stops below this current zone. Targeting bearish market open with entries close to line.
This demonstrates a very high win rate concept in forex. Failure to return and First time back. Always watch out for pivot points that make a new high or low as these act as zones for price to react to upon their return. When price returns for the first time tp these price points, high win rate trades can be taken with good risk management.
Targeting buys on euraud as new h1 candle starts. As always looking for minimum ten pips then will manage risk accordingly
The plan here is to sell Gj looking for ten pips then going break even at that point.