Yesterday there is no sign of selling or confluence in HTF ... The overall trend is strong bullish
So, How I execute the trade ?
First of all I want to clarify the things first . Yesterday I had no intention to participate in the market because i don't like that kind of price action where just price are making higher and higher with all gas and no breakes 😛..
So why do i even participate ? Because of prop firm rule i need to make atleast 1trade in week to become active on dashboard.
So Here it is my final yesterday trade analysis and your welcome 😎
I used Three Timeframes yesterday For My Multitime Frame analysis
1- 1Hour For Overall trend structure & External Range liquidity.
2- 15 Min for looking realtime market price behaviour & Internal Structure where i focus my 90% for looking to trade.
3- And my LTF entry models for execution.
On 30 aprail tokyo session opening buyers push the price and we have a new high around 27488.5.
We all know the rules when a price make a new high and give Break of structure ( BOS ) then it pullback or let say retrace atleast 30% so only then it be called valid pullback.
As you can see price pullback at price around 27050 & and we have also 60% fibonacci lying there and there is also a 1hour Imbalance, FVG whatever you called around
Which is make all sense for right ?
I mean why not ??
Strong bullish trend + bull market structure + BOS + Orderblock Everything is aligning Just put your 10contracts and make 10k$ in a day 😜
But as you can see The price reacted on order block during london session opening Bam!! 1st mistake ( Wrong Timing )
The players who got engaged in trade in here they all get their result - ( Stop Loss Filled ) and lose their money on here ...
On New york session opening( Conflience No 1) which is Timing big players first sweep the low ( Confluence No 2 ) of london session then price continue to move their orginal direction which is our new high 🐎🐎