Type
Live
Date
July 26, 2022
Pair
#cadjpy
TP1
3.2
TP2
4.5
Concepts
#Order_Block#Running_Flat#Expanding_Flat#liquidity_run
TRADE RESULT
BIAS & PAZ
SETUP
NOTES
Even though price looked bullish, after the last bullish impulse on 16 Jun, price looked like it started to form a correction. We identify 2 possible corrective wave patterns for our Bias. Either a #running_flat or #expanding_flat. This formed right at a bearish #order_block as seen on the 1H. Here price broke down after a bit of a #liqduitity_run. We couldn't catch the first drop, but on the retrace we could place a HTF set_forget order that was also a #RP03 pattern on the 1H. Our 2 targets was the next 2 lows and we met them perfectly to form the #expanding_flat before price reversed. If you look closely you can see another long setup developed there.