Given the 4h candle has opened and created a very steep bottom wick within the first 10 minutes, I have a high expectation of price moving up and breaking the high, triggering the buy stop we have set and allowing us to scalp 10-20 pips with minimal risk.
The 4 hour candle has closed above a level we have highlighted previously which is very significant as far as Price Action goes, and now that we have created this structure on the 4h time frame which is a strong indication of long term momentum we can anticipate price to continue up.
The 4 hour candle has closed above a level we have highlighted previously which is very significant as far as Price Action goes, and now that we have created this structure on the 4h time frame which is a strong indication of long term momentum we can anticipate price to continue up.
