Three days ago, I posted this chart here in my Daily Update post (see this post: New Feature Added: Daily Updates):
In that post, I pointed out that there was a COMPLETED bat and that I was expecting a drop. Take a look at the main chart above and tell me what you see? Prices did EXACTLY as I predicted!
But now that it has, what next? I think it's pretty obvious. Prices are now just about reached a MAJOR SR structure zone. Look to the left and see the very obvious structure there. You don't need me to tell you that this structure may have some say in what happens next, do you? Back up we will go!
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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