price action is playing out beautifully. price gave us another raid on the 4hr indicating the retest was final and like clock work we made it to our next level of liquidity that was below. hope you caught one of those entries. sniped both entries. Learn how to read your raids and it will all start to make sense.
WE have reached our tp2 zone... I can see price dropping to tp3 and more... but now its time to protect your trade.. IF you got in lets keep eating
break and retest to the down side. had a bit of refection at resistance level.. bearish close on the 15 min and 1 hr. i can see this giving us atleast 30 to 45 pips.. about a 26 pip risk depending on your broker
Nice break and retest. in a supply area on the 1 hr. i see gold tanking for the london session
Like what I see here at this area of resistance. not to bad with a 30 pts risk = 300 pips.. nice break and retest with a bearish close under structure. I like the odds of this setup
such a great signal for the entry but since its 4pm and spreads are not in our favor i would not recommend taking but this is gonna be a nice set up forming for the next session. i might get in with smaller risk and find another entry later around 9 pm
wanted to provide a close up of the set up that was posted from the higher time frame
Looking to see if we can catch this ride down and fill up this imbalance.
Price has created imbalance on the this time frame that has been filled. this buy should get us to the next higher high and possibly to the next order block above structure.
Wanted to give you guys a top down analysis so here is the daily timeframe for eth
We were able to get back in after I seen another sound entry and the sellers had reentered back in the market. I called it about 10:16 pm est after the 9 pm 4 hr candle opened and confirmed the sell. currently sitting at 16.72 to 1 RR. 30pts = 300 pips with a gain of 500pts which is 5000 pips. the previous trade we lost 40 pts which is 400 pips. which leaves us...
Price has reached demand and that major swing low/support has been already had its early buyers stopped out if that did not take profits already. I have taken them time to notate that chart for those who may have an issue understand the purpose of the big banks. this is looking like a good buy. with a nice risk to reward.
we up heavy in profits had an amazing sniper entry. we can look to close profits take partials as we are near the most current area of resistance price may want to proceed bullish. most stop loss in to profit if you plan to hold
I can see price going up higher to fill in that imbalance.. Looking to take profits at each key level in case the reversal happens and we dont reach the previous high
ARE TARGET PLACED UNDER THE 50% GAVE US A SOLID EXIT WE ALSO HAD THE POTENTIAL TO HOLD AS EXPLAINED IN THE LAST UPDATE TO GO TO THE NEXT LEVEL ON THE FIBB OF 75% all targets smashed. final target was placed under the 50% of the fibb giving us a solid exit. for those who read the last update and moved your stop loss into profit in looking to hold to the next...
IF you took this buy we are up about 365 pips. good stuff. We should get this higher high following this choch. Taking a look at the 15 min timeframe to give you guys a closer look.
this trade would be going against the trend. We are overall in a down trend. however with the imbalance and a new choch of character I can see price retracing for a small buy. always use proper risk.