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Alam nyo ba reason why price went bearish during the news?? :)
This is part of our Lesson sa mentorship, I will teach you on what is the possible price move on LTF during the news!
Okay so here is what happened.
- On 1 hour we have an MSS - sign of bullishness
- No confirmation seen on H4 BPR and I did not see an intention for the price to go bearish to respect the BPR
- Asian Session Low was manipulated during London Session and we saw price did the distribution within London and continuation during NY session
- We are also bullish after we manipulated below the Midnight Open
- Target on this case is Asian Session High
- H4 Bearish BPR turned from Resistance into a Support.
What do you think will happen during the news after a few minutes?
Okay, so right now, I can't see an intention for the market price to go bearish, we still need to wait for confirmation, price is consolidating right now due to our news later
BPR now mitigated, we can look for an entry confirmation if bearish ba talaga.
As of now, I am trading above midnight open, expect ko bababa ang price
