Saw this OB and IMB below on a Higher Timeframe. Looking for the price to fill the IMB before heading up
Yesterday I have Entered this trade with 5 pips stop loss using 2% of my bank account. Currently it moved 50 pips in my direction. I just put it a bit above breakeven. Entry Reasons: On Montly/Weekly we can see that: 1) The price is slowing down. 2) On weekly chart we can see a Falling wedge formation. 3) Plus it is on monthly support level. 4) Also we can see...
Lets see! Stop loss not far because have not broke the flag yet.
Price is making higher lows and higher highs. It is now retesting 67% of fibs. on lower TH taking out order block
As we can see, there is a start of a bullish momentum. Even if the price wants to fall further, it needs to make a retest on 4h chart we can see a big divergence! on 15 minutes chart we can see Head and Shoulders Pattern forming. Also we are on historical support area... Longs are comming...
US30 is currently making new highs which will make buyer to sell their positions (psychology) Fibs from previous big move will be perfect TP area ( 0.38 ) Stop loss above Higher High Entry around 31250 - 31300 On 4H chart TDI is showing bearish trend beginning. And there is a Bearish momentum squeeze.