WE have a nice uptrend on the 15m WE have a nice break upwards Price is retesting support pivot candle at 1.03913 entered the long
Trend is up res broke res is being retested got long
Looking to go long at the order block highlighted in yellow Ideally trades will be triggered and hit tp before the ISM & JOLTS Job Openings
Price created a lower high and pivot line at 1.03975 Price broke structure at 1.03772 1st & 2nd short attempts are set Anything above 1.03973 would be considered ChoCh and bull sign tps are nice and tight Asia has a tendency to produce false breaks with my strategy due to the low volatility period of 5-8pm However I can never tell whether a trade will work or...
Price hasn't broken the lowest support level nor has it given us fresh pivot points we have an internal choch at 1.03923 however there is still bullish set ups because I took two loses already I'll have to skip the buy highlighted in purple and only go for the deepest pull back at 1.03366 or vice versa Limit order is set let's see what happens
First buy has already been triggered at 1.04229 second attempt is at 1.04055 Anything below 1.03921 is bearish on the 15m entries
Price broke the highs so we update our limit orders to match First attempt is the 1.03634 level second attempt is the 1.03364 level anything below 1.03285 is bearish sells on the 15m timeframe
Key levels are highlighted in yellow Price broke resistance at two levels Once price comes back to those levels we will enter the market If Price doesn't pull back that far but break the res at 1.036 then we will update the key levels based on that break of structure if the price falls below 1.030 then it will become bearish
we Have a very strong clean break.. However When London opens there will be a volatility spike at between 3-3:30 so have our buy positioned at the strongest support point in the break and retest pattern The idea is for the price to tag us in at 3:00am and race to TP before 5am The problem with this trade is if the price changes character while I'm asleep then...
There's no major news online an Italian bank holiday and German Prelim CPI We have a Break Of Structure so we want to buy the retest even though its a Wick break For our second attempt we will try to repeat the previous buy from the last post
Here's how the break and retest strategy works: The Key Resistance Levels are highlighted in yellow The price broke resistance last week Once it retest we will enter the longs with tight tps
Break and retest the key level is highlighted in yellow as the entire candle that formed a high that candle was broke so we buy if price comes back there