broke previous high? Check
Engulfing candle? Check
Impulsive movement away from the areas? Check
Broke market structure on the way up? Check
I see a potential buy opportunity with a 1:6.82 RR. What about you? Remember, this is not a financial advice.
I see a bearish order block on the 1 hour time frame; it's not hard to see. The bearish engulfing candle that followed it was pretty large leaving a lot of imbalances in price which need be filled. The upward movement prior to the massive bearish engulfing candle had broken the previous high, then there was an impulsive downward movement in price, and the movement...
