Market is at a nice supply zone and seems to be printing PA for a short setup. Market makers have already cleared liquidity from the top side so price shouldn't exceed the spike. Therefore, I am seeking short position to clear out liquidity of the bottom side resulting in 70-100+pips.
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Trade is floating 40+pips for a nice 2:1 rr currently as price dropped nicely from our CHoCH zone. Place a stop profit and see if market makers gives us the extra 30pips or could cash out with current profits
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market didn't continue to push down and hit stop profit
I have seen the same direction in my multi-timeframe analysis. Thanks for the clarity
JeffCarmon
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@transparent-fx, no problem. Thanks for the support. Price action will typically steer you right when your patient and wait for the market to give confirmation