1. According to fib narrative - price hit 50% - pushed to premium and breaker + entry pd array pushed it lower to "now' prices
2. Strong draw at OTE 62%
3. We have additional draws - as the volume imbalance + suspension block
4. IFVG bahaving as classic resistance is what I anticipate if price is respecting bearish delivery
4. At exterme discount we have draws as the breakaway gap too
2. Strong draw at OTE 62%
3. We have additional draws - as the volume imbalance + suspension block
4. IFVG bahaving as classic resistance is what I anticipate if price is respecting bearish delivery
4. At exterme discount we have draws as the breakaway gap too
Trade closed: stop reached
Today is Friday hence a retracement of weekly move (bullish in this case- as the whole week Mon-Thursday was bearish for the most part of it) is always highly probable move that happens only on Friday (not always guaranteed only wehn market shows its hand) hence the lossAlso on the main dealing range price was at discount hence projecting longs are better than shorts of course
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.