We may have bottomed and a higher time frame correction is about to start. I will look for a strong breakout above both 1 hr TL and hopefully above the daily TL.
If price re-enters the buy zone I will take the long from there.
As this is the end of a HTF "A" wave it will be counter trend so watch for shorting ops above the 7550 mark.
Still waiting for a chance to take a long if it re-enters the red zone.
I missed this one once and then by a few pips the second time. Would have been a nice trade if I had not been so stingy.
Here is what not to do! Forget to take your order off. After missing the first two entries I placed an order in case it came back down. As the consummate professional I forgot to check that I had removed it when I cancelled the order. So after missing several successful trades due to sleeping perhaps Karma rewarded me by giving me a great unintentional trade. Do not try this at home I am a trained professional........not!
Have a great weekend everybody and happy pip hunting.