Price is coming back down to fill and take out sell stops
Price pulled back into the zone, and we took the trade for a 1:2 RR. I know some of you may say price went through the zone before the pull back even took place which should have invalidated the trade. Remember we only trade NY Session from 8:30am- 11am so what happens before this session doesn't affects the trade. It is still valid.
Price didn't push back into the Gold Zone which is between the 50% and 61.8% Fib. Instead, we got a push back in the major range where Sell Stops where resting. Retail traders call this support and resistance. Price took out initial sell stops before retracing to this area for the real move (aggressive bearish move toward previous daily sell side liquidity).
Weekly Bias: Bullish 1hr Chart Price showed an imbalance which shifted the market aggressively. After drawing a box on the hour chart of this imbalance candle. I went to the 15min chart where I noticed a FVG set up within this range. This is what I call a 2 Square Set Up. Entry: Once price enters this area I will take the trade and place SL under the 1st candle...
Weekly Bias: Bearish 15min: Price has been in a temporary range, with resting buyside and sell side liquidity. Waiting on price to retrace to fib 50% level which is equal to a previous sell side liquidity zone. Confluence: previous sell side liquidity zone + 50%level on fib (the golden zone is between 50%-61.8% level)
Weekly Bias: Bullish 15min Chart: Price Touched Buyside Liquidity but never filled imbalance, waiting for price to fill imbalance on 15min chart. Why I took this trade: Wanted to get a few handles on the bearish correction before price fills imbalance for bullish move to the upside for more handles
Price pulled back on the daily chart to start forming a lower high. After noticing this I went to the one-hour chart to find a possible confluence for an entry. I noticed priced created a descending triangle on the one-hour chart. I took my first position to this trade. I will take my second entry once the moving averages cross. Also, I will take another entry...
Price should retest kijun on daily chart, for a bearish entry.
Price is making a longer term bearish N-Wave on the 4hr Chart. We just completed the third point. Now we are forming the last leg of the N-Wave
Price is continuing to move bullish with the correction of the lagging span. The Chikou Span bounced off of the cloud for a great bullish entry. We also noticed price is creating an upward channel.
Price has been in deep correction on the daily chart. If you look at ichimoku on the Daily Chart price has rejected at the top of the cloud and currently is projecting a bearish future also known as the kumo. On the hour chart price rejected at the fractal level and created a lower high. Lagging Span (purple line) is pointed down and we have a bearish tk cross...
Price broke out and retested the consolidation zone. This is a perfect entry for a sell.
Looking for a major pull back. Price has made an C-Clamp formation on the daily chart with Ichimoku. This means the market isn't in equilibrium.
Price dropped to make test last low on daily chart. We are at a trend line area and seeing bullish momentum entering the market.
Continuation of major trend. Risk 1% per entry. Price making a bullish engulfing candle.
We are testing resistance The Markets are making lower lows and lower highs Ichimoku price observation theory confluence Waiting for major trend break out and restest for entry