Impulsive down move formed on March 23, breaking structure to the south after liquidity grab.
Market makers are now mitigating their position, going up to the order block.
A sub-sequent down move is awaited once the price hits the order block
Market makers are now mitigating their position, going up to the order block.
A sub-sequent down move is awaited once the price hits the order block
Trade chiuso: stop raggiunto:
Stop reached, no regrets as the trade matched all my trading rules. Next one
On 15 min. timeframe we still have an uptrend. I will move my stop to break even only in case the price broke the structure below, and show me a "lower low".
Some RSI divergence is visible, that could be a good sign.