Hello. As you may know, we are still short since yesterday and we took shorts based on yesterdays template 1. Video here - youtube.com/watch?v=U2NHLlI9I2c , since prices are predetermined we don't care that we got in DD, it will hit the TP since this pair is smelling short.
This here is Daily template 1 for Eur/Usd for 20.04.2016, pretty simple yet powerful. We will update if there is a trade based on this template today during the day.
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I guess market will reach Daily Trend level @ 1410, so I placed Sell limit from there as well! Cheers!
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A lot of questions if DT will be reached, why not buy? The thing is I did not say it has to be reached, I said I guess it may be reached! If it is not, no Big deal. We are going for TP anyway.
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Today's DS reached, hope we can break it.
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It may be tricky now. DT is not reached, but DS is reached, so DS can reject the pair back up! So it will give us one more Sell entry. Let's see!
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DSSA blocking, but anyway if we take a look at monthly template, Gateway level is broken, and there is no way blocker to TP zone! So DSSA is the only one blocking the path to TP :)
What should I do, if the second level will be broken? should I open one more short position?
TheZabisyu
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Not recommended to do so since there still is DSSA ahead. It can now shoot back up, if that happens then you can enter position.
ValtsChow
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Thanks a lot for the advice.
Will see how it goes.
Best regards
TheZabisyu
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Cheers man!
TheZabisyu
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Have to see how DS level interacts now with eurusd. It is reached, so it may reject it now, and shoot back up! But anyway TP will be seen! If it shoots back up, it just will give us one more Sell entry.