Yes we had a great move yesterday. Now lets see what this week will bring. Two points of intrest. dont rush your entree we have week with a lot of news coming. If price go up then i am looking for short till the entree in the 4H and 1H demand zone.
Yesterday, a lot of sellers were trap around 2025–2028. A lot of groups were calling short, and most EA were in sell position. In that way, I was confident that we needed to get those people liquidated, and I found the confluence in the supply zone with a GP from the fib. Price didn't touch the fib, but it came nicely in the supply zone. And the rest is history....
Almost in the zone. CPI news is coming aspect a push-up and then down. I don't put a limit order, I wait till price is in the zone, and then I put a sell stop order. Let see what is happening in 2 hours from now. I know that a lot off sellers are trapt now if i look in telegrams groeps. This is mostly the way the case when we have red news coming. They are...
Entree could me better. But let’s see what happens next. It’s a 1:2RR. Hopefully we can make some profit in this trade.
We have a strong 4H demand zone in a 1H demand zone. Let see what will happen during Londen and NY session. If i take a trade it will be a buy stop. Otherwise i think price can shoot true my SL.
My outlook for next week. Strong push to the downside. I aspect it will go futher down next week.