Unsustained move to the upside after clearing liquidity below lows, price reacted impulsively and I'm expecting price to come back and mitigate. Lines up nicely with the discount region of the fib and an order block with an inneficieny in the same area. Momentum is also to the upside, let's see how price reacts
The trade from yesterday is running at 150 pips in our favor and looks like it's going to reverse now and it was just a retracement in an overall uptrend
As we can see there was a big spike to the upside at a previous resistance level which was meant to take out retail stop losses and collect all the orders to push the price down, another confluence is the price was at 1.13850 which is a psychological level. You can wait for a retest into that zone or take an aggressive entry right at the candle close. This could...
We can see a big spike to the upside taking out retail stop losses, which means the banks are ready to push down prices. The entry zone is marked and we wait for price to retest into that zone and take our entry.
