This trade idea was shared throughout the weekend and played out perfectly. However we still have an opportunity on the 45 min IC. Risk management is always a must...
Price respected a powerful supply area this week after being consolidated throughout the previous week. After this BOS, we can expect price to keep heading to the downside according to the bearish structure; however nothing is guarantee in trading. Proper risk management is always a must!!!
This week price hit 4h order block that was created two weeks ago and broke structure on the downside. From then, there is a higher chance that price will drop next week. However, nothing is guarantee in trading. A proper risk management is always required on every trade!!!
UNTIL ONE OF THIS HAPPENS, I have to wait in order to get a high RR
short on goal this morning after the previous week low being taken yesterday...
AS we trade what we see, the market has respected the previous week low today and gave us a beautiful signature pattern with a BOS on 15 min...
According to today's price action and how the daily candle closed with a heavy volume, we can expect EU dropping tomorrow from this supply zone....