You won't find any triangles wedges or flags around here. It's weekend and price action is in the hands of the algorithm. I'm not expecting any large moves until Tuesday, so I see an opportunity for a quick scalp up to around the 1230 level.
I am already long but I will be adding to my trade when price drops back to 1178 (green line). If price falls to 1172 (red line) then I will admit that I was wrong, close the trade and look for new opportunities.
I am already long but I will be adding to my trade when price drops back to 1178 (green line). If price falls to 1172 (red line) then I will admit that I was wrong, close the trade and look for new opportunities.
Comment:
Everything is going as expected, however, there is a double-top on the 15m timeframe so let's see if it changes to a continuation. As the scalpers amongst you know, trades are always dynamic and we have to be ready to adapt quickly. For now, I'm sticking with the original target and will start planning to go short if we get a triple top somewhere around 1230.
Trade closed: target reached:
Closed early at 1194 as she seems to have run out of steam.