Monthly likely to seek Buy side liquidity first before anything bearish unfolding. The RRR shown defines the monthly buy entry level. I can be early but I do not care because we are just entering the new year.
I would like to see LTF Daily start showing bullishness and then use the daily Order Blocks as buying opportunities. That would be the best scenario I am anticipating.
If I see price unfolding that way, should price go below a Daily OB because of High Impact News or consolidations happening, I will treat that as short term run on sell stops to discourage early buyers.
This is only Paper trading. Going into this new year 2023, I am looking forward to taking more swing trades as I believe 2022 I was able to work on my patience and discipline.
I would like to see LTF Daily start showing bullishness and then use the daily Order Blocks as buying opportunities. That would be the best scenario I am anticipating.
If I see price unfolding that way, should price go below a Daily OB because of High Impact News or consolidations happening, I will treat that as short term run on sell stops to discourage early buyers.
This is only Paper trading. Going into this new year 2023, I am looking forward to taking more swing trades as I believe 2022 I was able to work on my patience and discipline.