ALL CONFIRMATIONS MET, LIMIT ORDER ACTIVATED WHILE SLEEPING
-NZD weakness on other pairs as well -Pair has mitigated on other pairs but not this one -Liquidity was ALLLL the way to the left scroll left to see liquidity taken
-XAUUSD correlation with direction -Entry is in an interesting spot but makes sense in the 1h
-As soon as I hopped onto the charts this setup was in the entry zone so I manually executed -This has all the confirmations met -TP 2 is a little trickier to map out but it seems like it could fill in some of that massive wick -I did visualize this trade hitting TP's before entering
- Not my initial setup when I first marked this chart up but the second time I looked at it on the 15min you can see that price has been making a staircase down and that last massive move down has never been mitigated and there is still mitigation to the downside, so I think this could be the push that gets us down there on the 1h - Look at the last two time price...
-All confirmations met -Stop loss is in the middle of that massive 1h wick because on smaller timeframes that's where the bodies end -1% risk -Liquidity cannot be seen in this picture so either scroll out or look left -There is a PERFECT 71% fib pullback as well
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AN IDEA FORMING ON EUR/JPY THAT LOOKS LIKE THE MARKET COULD BE GOING TO THE UPSIDE FOLLOW US ON YOUTUBE AND INSTARAM: @THATFOREXGUY