Retracement Forecast
Four Confluence
1. Bullish order block area
2. Got CC buy signal as soon as we wicked out of the block
3. The area is below the Value Area Low of the volume profile of the range
4. The area a low volume area for the entire market profile
TP TARGET
Golden zone bearish retracement from Swing High.
- I will re-enter into a SELL at TP to ride the trend back down
EXECUTION
I originally entered at green reversal doji marking the swing low official. But I stupidly closed my position cos I got spooked by a wick that broke the small uptrend we had after reversal.
So I let price run and set my fibs to re-enter on pull back.
Price pulled back into where I already had my order waiting in the golden zone and we also got a cc right there, but for some reason my broker did not my fill my order so I had to use market order to enter cos I was lucky to be at my pc.
That's why my entry is just a little bit above the 50%
1. Bullish order block area
2. Got CC buy signal as soon as we wicked out of the block
3. The area is below the Value Area Low of the volume profile of the range
4. The area a low volume area for the entire market profile
TP TARGET
Golden zone bearish retracement from Swing High.
- I will re-enter into a SELL at TP to ride the trend back down
EXECUTION
I originally entered at green reversal doji marking the swing low official. But I stupidly closed my position cos I got spooked by a wick that broke the small uptrend we had after reversal.
So I let price run and set my fibs to re-enter on pull back.
Price pulled back into where I already had my order waiting in the golden zone and we also got a cc right there, but for some reason my broker did not my fill my order so I had to use market order to enter cos I was lucky to be at my pc.
That's why my entry is just a little bit above the 50%
You are always 1 trade away from life changing profit.
Penafian
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