Got gbpusd as a long for now but I am looking for shorts on the 4hr supply as it seemed very strong.
Price consolidated on the 15 min making a retail triangle pattern. I don't trade "retail" patterns as my method is more structure and liquidity.
So essentially, price dropped below to take out liquidity and make a CHOCH to the upside.
Waiting for price to take out the liquidity again so I can enter my trade. I have already placed a buy limit for 3.5 lots.
Price consolidated on the 15 min making a retail triangle pattern. I don't trade "retail" patterns as my method is more structure and liquidity.
So essentially, price dropped below to take out liquidity and make a CHOCH to the upside.
Waiting for price to take out the liquidity again so I can enter my trade. I have already placed a buy limit for 3.5 lots.
Komentarz:
30 min supply has shown to be reacting well.