Daily Analysis
Tuesday 23rd April
Trend - Bullish, pull back phase
Daily - Bearish
Mondays Daily candle had a massive pull back and closed below a Daily support
Bias
Daily continues pull back and retests next support
Trade
Fake out Buys
Analysis
Price dropped over 300 pips during Asian session
M30 structure formed lower highs
Price broke below support and then closed back above - fake out
The Asian session sell off created a clean range to the left for a retracement
Set up
Closure above support
Entry - Break of high (11.30am)
SL - Previous low 30 pips
TP - Daily flip 290 pips
Risk Management
Move SL to BE at the first minor resistance
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