Took this trade
Price broke a low and indicated a shift in market structure, after failing to make new high.
We have now retraced to the 0.7 Fib level, and tapped into a Fair Value Gap, as well as taking out liquidity above the previous high
Ideally should have waited for price to break below this level and make a retest to continue lower. I will close half my size at entry should we retrace.
Price broke a low and indicated a shift in market structure, after failing to make new high.
We have now retraced to the 0.7 Fib level, and tapped into a Fair Value Gap, as well as taking out liquidity above the previous high
Ideally should have waited for price to break below this level and make a retest to continue lower. I will close half my size at entry should we retrace.