I would like some upside first with the 10am hi news => reversal to the downside with substantial decline => PMS reversal to the upside.
10am news can bring a lot of volatility that is why it is better to see the initial move and analyse the price action accordingly.
10am news can bring a lot of volatility that is why it is better to see the initial move and analyse the price action accordingly.
Comment:
Initial target for the drop on the 10am news has been reached. Looking for the signs of reversal
Comment:
First long setup is framing. I would like to see one more retracement down without a new low.
Comment:
LHS starts => I would like to see some consolidation and down retracement. Ideally without a new low.
Comment:
LHS - no correction yet, but I anticipate corrective retracement before the main move to the upside.
Comment:
Price dropped into anticipated retracement level. => Anticiptate one more leg up
Trade closed: target reached:
Anticipate deeper correction.
