Hello Traders,
We are looking at a pair that is long term bearish i.e. on the monthly and weekly timeframe. This pair is retrace on the daily timeframe to take out liquidity to go long as it seeks to complete the weekly retracement. I have placed my limit order on the order block that caused the impulse to the down side.
If you observe well, you will notice that price went bullish on the 4H timeframe and took out the equal highs for it to go short.
Let's ride the swing to the down side.
Cheers!
David
We are looking at a pair that is long term bearish i.e. on the monthly and weekly timeframe. This pair is retrace on the daily timeframe to take out liquidity to go long as it seeks to complete the weekly retracement. I have placed my limit order on the order block that caused the impulse to the down side.
If you observe well, you will notice that price went bullish on the 4H timeframe and took out the equal highs for it to go short.
Let's ride the swing to the down side.
Cheers!
David