IF Bears were to step in heavy i would bet on 50% of the retracement to be the best spotof the 1hr time frame. the long entry in confluence with the daily 88.6% and the short idea seem to be currently in play. on the 15 min time frame one can see that the tokyo lows were liquidated by the london market. and the london lows were just liquidated by the ny market. so is this a sweep of liquidity or a run on liquidity to continue lower? we gonna find out on the next update.
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it was a sweep as the market grabbed it and reversed as expected. currently in this first trade of the week on a thursday. less than 5 points in drawdown and more than 300 points in floating profit.
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