If this retest it will be massive.. to be or not to be. Trade it or wait for a retest if there Will Be one ..? 🤷🏾♂️ I got in at the bottom of the structure Sunday 5\14. Why cuz not follow Ping popular demands Sunday isn’t a good trading day. It is it’s the best day to place your order Sunday the markets prepares itself thus if this retest i think so why firstly the monthly poc and weekly are the same smack in the middle this is support for price and why price didn’t retest back into the trading range when the pullback came in fact it wasn’t even a pullback the daily red candle was a momentum structure price retraced To the poc and then throwback and this is why ppl who went short thinking price will have some correction got stomped. Secondly the poc is placed in a way to support a retest of this massive move. Third this isn’t no support level above The apex of the measured move . the typical hhs Like Pattern in the middle of the weekly this pattern cause the first bull rise from a long downhill to fail and then we look for a lower low or a roll side ways of price and then we buy but here the market didn’t plan this thus the pattern will carry out I’m expect a short retest and a long ride This will put price in an unknown area oh thus isn’t the only pair that is making huge move
Comment:
There another pair that moves against this pair and has a structure eu will trigger its breakout and I guess these two opposing forces will create the pull back and whip saws. Let’s watch with coffee for a outbreak this week or a failure back within the structure to make more velocity but I doubt cause the other pair is ready to pop and a few hundred pip away just like we have here
