Trading The Forex Master Pattern (Part 2)
A, B, C, D - Classic funneling out master pattern price action, detailed in previous post.
D , E - Would have been textbook sell entries if the 4H Heikin Ashi had rotated to red (or at least the 1H for more aggressive traders)
F - Expected expand low target (buy side liquidity). If price reaches here we MIGHT resume the downtrend. Price usually reverses when liquidity lines are hit. If price is to continue lower after hitting the buy side liquidity line, we want to see it finding resistance at the value line in the case it reverses for a bit.
D , E - Would have been textbook sell entries if the 4H Heikin Ashi had rotated to red (or at least the 1H for more aggressive traders)
F - Expected expand low target (buy side liquidity). If price reaches here we MIGHT resume the downtrend. Price usually reverses when liquidity lines are hit. If price is to continue lower after hitting the buy side liquidity line, we want to see it finding resistance at the value line in the case it reverses for a bit.
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