Looking around on this past entry that I have
analysed back then. POV: The analisys was right
but I didin't took the entry.
So first of all we were looking for possibles sells
entry's on the Distribution structure formed, at
the the end of September to October. Continuing
with the market direction we see that price broke
structure to the low and created a new LL on the daily (1D).
We missed the first entry's before BOS (Break of Structure),
but as we know, we always going to have another
or better entry, if we missed the first one.
The market is full of opportunities.
What we see?
Price went and retested a Weekly POI (Point of Interest) and then broke structure to the downside.
1º Confirm that price is going to do a correction
2º Look for possibles zones of supply or OB
3º Hold the trade if price brake a LL again
Looking for our supply zone.
If we zoom in on the ENTRY 2, we can see 2
possibilities for entries; the first one is the NULL ZONE, it has a OB that was partly mitigated.
And the second zone is an OB+ IMBALANCE on a blue box, that was refine on the 5m TMF (Time Frame)
Why did we choose this POI?
The zone of supply lead to the BOS (Break of Structure),
the second confluence is that is a OB on the 1D TMF
analysed back then. POV: The analisys was right
but I didin't took the entry.
So first of all we were looking for possibles sells
entry's on the Distribution structure formed, at
the the end of September to October. Continuing
with the market direction we see that price broke
structure to the low and created a new LL on the daily (1D).
We missed the first entry's before BOS (Break of Structure),
but as we know, we always going to have another
or better entry, if we missed the first one.
The market is full of opportunities.
What we see?
Price went and retested a Weekly POI (Point of Interest) and then broke structure to the downside.
1º Confirm that price is going to do a correction
2º Look for possibles zones of supply or OB
3º Hold the trade if price brake a LL again
Looking for our supply zone.
If we zoom in on the ENTRY 2, we can see 2
possibilities for entries; the first one is the NULL ZONE, it has a OB that was partly mitigated.
And the second zone is an OB+ IMBALANCE on a blue box, that was refine on the 5m TMF (Time Frame)
Why did we choose this POI?
The zone of supply lead to the BOS (Break of Structure),
the second confluence is that is a OB on the 1D TMF
