Confirmations
Market structure
Institutional candle highlighted in yellow
Fib levels are between 62 - 88%
Imbalance below
4 out of my 5 criterias have been met which has made this trade for me a high probable set up, i am expecting price to go higher to atleat 50% of the institutional candle which is where my second entry is however right now price seems to be coming down.
With the interest rate coming out later today i suspect to see a lot of ranging movement. This may mean that i may have to exit my trade taking money off the table and find a new entry after the rate has been announced.
I have provided a market outlook on a range of pairs for this week aheadhttps://youtu.be/CZjMJYHyIFs
Market structure
Institutional candle highlighted in yellow
Fib levels are between 62 - 88%
Imbalance below
4 out of my 5 criterias have been met which has made this trade for me a high probable set up, i am expecting price to go higher to atleat 50% of the institutional candle which is where my second entry is however right now price seems to be coming down.
With the interest rate coming out later today i suspect to see a lot of ranging movement. This may mean that i may have to exit my trade taking money off the table and find a new entry after the rate has been announced.
I have provided a market outlook on a range of pairs for this week aheadhttps://youtu.be/CZjMJYHyIFs