Hello Traders,
Yesterdays set up was not a success. Market ended up touching our stop.
Here's today set up.
High and lower structure for a buy position formed on the 15m. H1 chart gives a bias of a bullish market, 50 and 8 EMA crossover confirmed the bearish sentiment.
15m chart, Fib retracement drawn, wait for price to reach the wick candle above 76.8%, slightly...
Hello Traders,
Yesterdays set up did not complete, hope you did no fail with patience to wait for a complete trade set up like. Kindly reset your orders.
High and lower structure for a short position formed on the 15m. H1 chart gives a bias of a bearish market, 50 and 8 EMA crossover confirmed the bearish sentiment.
15m chart, Fib retracement drawn, wait for...
High and lower structure for a short position formed on the 15m. H1 chart gives a bias of a bearish market, 50 and 8 EMA crossover confirmed the bearish sentiment.
15m chart, Fib retracement drawn, wait for price to reach the wick candle above 76.8%, slightly above the FVG where liquidity has building, expect market to retrace further up to 100% on the Fib...
Order filled now we wait for market to give result. I may increase position size if it goes down more to 5% of capital to maximise opportunity. Trade looks promising... But because of uncertainty we have accepted emotionally a drawdown of 5% for 12.5% and nothing more.
The market as is just changed it's BIAS to bullish momentum on the higher time frame, H1 to be specific, we looking for buy area around $84.600/barrell of Brent where liquidity has been building up as priced moved higher since the bearish momentum we have been singing since Friday. Tp on the to of our previous HH structure and Stop just below $84.26 to give it...
The market as is just changed it's BIAS to bullish momentum on the higher time frame, H1 to be specific, we looking for buy area around $84.600/barrell of Brent where liquidity has been building up as priced moved higher since the bearish momentum we have been singing since Friday. Tp on the to of our previous HH structure and Stop just below $84.26 to give it...
1hr chart bias from previous day is bullish, with price currently sitting on top of a demand zone , and a 76.8 on the Fibonacci retracement which can provide a 1: 3 R:R and a target of 6% only risking 2%.
