I WANT TO SEE PRICE MOVE HIGHER AGRESSIVELY RUN STOPS AT INTERMEDIATE SWING (RED X) INTO THE BLUE BOX. I WILL HUNT FOR BREAK IN PRICE STRUCTURE AT 15/5 MIN TIME FRAME AND LOOK FOR PATTERNS OF SELF SIMILARITIES TO GO SHORT AND BEING MINDFUL OF THE DOLLAR AND NEWS.
Comment:
I WILL ALLOW PRICE TO MOVE UPTO DM LEVEL ( 1.13267). ANY BREAK AND CLOSE OVER THE DM LEVEL, SET UP IS NO LONGER VALID.
Comment:
BREAK AND CLOSE BELOW 1.12790 LEVEL IS A SELL FOR ME.
TARGET 1 : 1.12176 MONDAYS LOW
TARGET 2: 1.11187
TARGET 1 : 1.12176 MONDAYS LOW
TARGET 2: 1.11187
Comment:
REFER TO 15 MIN CHART. YOU CAN CLEARLY SEE THE CONSOLIDATION FOLLOWED BY A FAST MOVE HIGHER INTO THE BLUE BOX.( PARABOLIC MOVE). I SUSPECT THE MARKET MOVED HIGHER TO AUCTION MORE BUYERS. NOTICE THE INTERMEDIATE SWINGS, IF I WAS A BUYER AND IT IS MOVING IN MY FAVOR WHERE DO YOU THINK I MOST LIKELY WILL PLACE MY STOPS. MY GUESSING RIGHT BELOW SWING POINTS. WE RETAIL TRADERS ARE LIQUIDITY PROVIDERDS AND I BELIEVE THATS WHERE MARKET WILL REACH FOR.
Trade active:
Sold @ market
Sell: 1.12829
Stop: 1.13200
Target 1: 1.12176
Target 2: 1.11187
Sell: 1.12829
Stop: 1.13200
Target 1: 1.12176
Target 2: 1.11187
Trade closed: stop reached:
STOPPED OUT