Firstly we have rejected a monthly bearish order block, indicating that we are changing direction.
We have had a reaction from Market Structure level and looking to enter on a pullback if this is a continuation of a new down trend.
Looking to enter at 50% of the FVG which is also OTE (1.08090). I will be using a 30pip stop, provided that this is aligning with time (London or New York session).
Would like to target 1.06500 as a long term TP as there is alot of liquidity residing below.
We have had a reaction from Market Structure level and looking to enter on a pullback if this is a continuation of a new down trend.
Looking to enter at 50% of the FVG which is also OTE (1.08090). I will be using a 30pip stop, provided that this is aligning with time (London or New York session).
Would like to target 1.06500 as a long term TP as there is alot of liquidity residing below.