It's nearing the Gann level above - There's also an element of the big money now had it's fun. If you look at the COT Data, it's favourable to the JPY. We should see one more push to the upside and a half-decent decent from the Gann level.
Looking at a lot of the trade idea's here - I think this push up was almost entirely to collect some tight SL's before it gives in.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Looking at a lot of the trade idea's here - I think this push up was almost entirely to collect some tight SL's before it gives in.
Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s and Forex. Hence each trade setup might have different hold times, entry or exit conditions and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Trade closed: target reached:
the bar plays don't show Heiken when built into the strategy. But look at price level before pressing play.
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