Same play as eurcad. 1h last low gets taken. Drives high making new highs. Price comes back to clear out everyone in the range balance buy orders. Came into discount 702. Look for entry on 15 minute (5 minute was used here) for better risk to reward to head to take out trapped money. Money moved to created sellers since we created sellers last (new high). Clean cut. Must follow the money where is taken and created and where we want to head to next. It will take some stress off your back. Simple order, same process, over and over creates champions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.