I expect price to be pretty calm today. I see more likely a return to the orange trendline followed by its breakout to take an entry in one of the many candidates I have drew. I will most likely just watch the price action of today and don't execute any trade.
Price already reacted to the BB (5m/ Yellow Border Square) + FVG (4H - Yellow Background Square) confluence and created a CHoCH. I expect price to react and continue pushing up after touching one of the two EQL zones. I will risk 0.25% of my account size if in case price triggers both of my stoploss, I will still have another 0.5% to use because I think price...
Yesterday the price did an Asian Session Manipulation where Smart Money bought at 1.08000 and sold on the Asian highs at 1.08300. Today I think that Smart Money might be interested in the EQH zone that was created on the previous structure. The same zone that they used to sell yesterday. What I'm trying to say is that the said zone is important because it has...
Price looks like It ran out of Liquidity after the previous BOS. This means that it needs to go up to continue going down to hit the previous several months long trendline low marked with an orange ray. I kept it simple and marked the take profit at the 1.618 of the Fibonacci level (green line) The entry point is on the closest psychological level to the previous...