CADCHF - SELL POSITION
Price created a market shift with seller momentum leaving a area of imbalance behind.
Price then started pulling back creating a opposing break of structure which means the low of that structure is our targeted liquidity followed by the low of the whole structure as liquidity points.
Fibanacci retracement levels marked out with my trade entry point being the 71% fibancci level which price has tapped into.
Sell trade is entered targeting the low of the whole structure with my stop loss being the high of the structure.
Now patients is at play and we wait for results.
Price created a market shift with seller momentum leaving a area of imbalance behind.
Price then started pulling back creating a opposing break of structure which means the low of that structure is our targeted liquidity followed by the low of the whole structure as liquidity points.
Fibanacci retracement levels marked out with my trade entry point being the 71% fibancci level which price has tapped into.
Sell trade is entered targeting the low of the whole structure with my stop loss being the high of the structure.
Now patients is at play and we wait for results.
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