We have to take price action as it is developing. DM qualifier 3 is OK - bearish pre breakout candle with small shadow. If we project its low to close difference it does not reach the trendline. New candle opened with a gap over trendline.
Weekly Camarilla R3 is the target for now. That is also where DM breakout projection sends the price.
My belief is that the bullish swaying drives are due to the macro divergence with eu-us bond yields differential on daily-weekly as we demonstrated in our previous post.
For educational purposes only.
Weekly Camarilla R3 is the target for now. That is also where DM breakout projection sends the price.
My belief is that the bullish swaying drives are due to the macro divergence with eu-us bond yields differential on daily-weekly as we demonstrated in our previous post.
For educational purposes only.
Trade closed: target reached:
Price reached last swing high and daily Cam R3 reversal level. So I exited with 46 pips