TRADE RESULT
BIAS & PAZ / SETUP
UPDATE
NOTES
Market reached for the liquidity at the low, forming a potential #reach_around pattern. Once cleared, we had a small consolidation and impulse back above the zone, forming a #flipzone. I also refer to these as “reach-and-flips” they tend to be high probability setups and tends to retrace back to the other side of the range. In this case we smashed TP1 easily, traded close to final target before doing a deep retrace. Holding onto the trade till tp2 would've been difficult, but even if you closed it out, there was a potential to get back in and take price to the other side of the range, to complete the reach-around. The “Adjusted TP” could potentially have been a place to move your final target once the price started to stall.