LONDON SESSION TYPE 2 PATTERN (BULLISH)

AFTER PEAK FORMATION WAS REACHED ON WEDNESDAY (mid-week-reversal), FORMING THE SECOND LEG OF THE W PATTERN, THE MARKET MAKERS CLEARLY HAD OTHER INTENTIONS AND EXTENDED THEIR STOP TO ANOTHER LEVEL LOWER , CLEARING OUT PEOPLES STOPS AND FORMING A CLEAR TYPE 2 PATTERN. A 3 LEVEL OF RISE IS EXPECTED, ONCE CLEARLY VISiBLE , TAKE PROFITS. We will be looking to complete the 3 levels of rise on THE H1 MARKET MAKER CYCLE.

Orden cancelada:

Unfortunately the market makers had other objectives. so stops were hit.