This pair has breached the daily reversal zone. Bearishness is expected to follow. On the 1 hour, we have seen price make a bearish impulse. Price is expected to pullback bullish into the bearish PB. We have refined the PB into a much smaller zone, and we will expect prices to rally all the way into that zone before reversing to give us a bearish extension.
There is a possibility that price will continue bearish to take out the 1 hour liquidity target without coming into our zone. If that is the case, I am willing to stand out and miss out on the trade. All i will do will be to look to setup for the next swing.
But in the event prices come all the way into our refined zone, then i will be al out, gun-blazing, and ready to jump on the trade.
One secret to trading i wanna share right now based on this trade setup is this: "as a trader, YOU CANNOT CATCH EVERY TRADING OPPORTUNITY." If the market does not fulfil all of my conditions for trade entry, then i will not trade.
I hope this helps someone out there.
There is a possibility that price will continue bearish to take out the 1 hour liquidity target without coming into our zone. If that is the case, I am willing to stand out and miss out on the trade. All i will do will be to look to setup for the next swing.
But in the event prices come all the way into our refined zone, then i will be al out, gun-blazing, and ready to jump on the trade.
One secret to trading i wanna share right now based on this trade setup is this: "as a trader, YOU CANNOT CATCH EVERY TRADING OPPORTUNITY." If the market does not fulfil all of my conditions for trade entry, then i will not trade.
I hope this helps someone out there.