Thursday trade check list •Three day rise •3 level count & 3 intraday level •Midweek reversal •RSI divergence
Price is likely to reach and change market sentiment Reason for this are: QML CP towards supply Liquidity pool upcoming news release Demand OANDA:EURUSD OANDA:EURUSD excesses Supply
OANDA:GBPUSD
Nasdaq consolidate price at the distribution phase so price is about to takeout partial demands fib price range of 50-61 is our highly reactive price field
The possible outcome that the market will perform. 1. The price will be bearish searching for new demand cause as it compression has took out small supply zone clearing the way for sellers 2. The price will retest the support and retrace below the zone about 5-15pips take out SL and triggers sell orders placed there as it triggered the buy orders before...
#bearish prediction the price is either try to reach higher high or fail to return to support zone triggering QML entry
From calculated pips comes success #RR ratio 1:≥3 #AUDUSD setup