Hey guys! Although we do have a peak formation we still do not have an H1 EMA cross locking the peak. Right now we are seeing a London pat long play out in line with the daily. We may get a short set up in the next session.
Daily: Long
H4: No harmonics
H1: TDI extremes, beyond 3xADR, L3, outside structure suggesting a possible short.
It's helpful to use the DXY to gauge the direction in EU. They move in opposite directions.
Look for entries on the M15 and lower timeframes. We will continue to look for trades in both directions. Be cautious holding short positions until we have an officially locked peak. (H1 EMA cross)
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
Daily: Long
H4: No harmonics
H1: TDI extremes, beyond 3xADR, L3, outside structure suggesting a possible short.
It's helpful to use the DXY to gauge the direction in EU. They move in opposite directions.
Look for entries on the M15 and lower timeframes. We will continue to look for trades in both directions. Be cautious holding short positions until we have an officially locked peak. (H1 EMA cross)
Manage all trades according to your trading plan.
***This information provided is not to be taken as a trade signal. Trends and analysis can change at any time.
Feel free to message me with questions and comments.
Trade active:
We have some nice trapping action happening right now. We are looking for entries short.