014

TRADE RESULT

BIAS & PAZ / SETUP

SETUP

NOTES

On the Daily TF, price spiked a level of #liquidity and traded into a daily #order_block. Price consolidated and broker lower (2H) and we waited for the retrace to look for entries. On the 15min timeframe we had our impulse, but price broker lower without giving us an entry. A week later we did however get our entry as price retraced to the 1H #breaker which also came it at the 61% fib retrace. The target was quite simply the other side of the clear consolidation structure. A good example proving that you don't always have to watch the 15min timeframe for a trade. Specially on some of the cross pairs, trades can take days and even weeks to develop. Patience is key.