Bullish close of week off HTF sell side liquidity pool. Previous bearish range not supporting further downside imho. Want to see internal range liquidity created for buy opportunity at discount of latest price leg. Invalid if price closed below 0540 on the daily.
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opening gap lower. Doesn't change bias yet just need to see how price trades for a bit.
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Bank holiday so no trading for me. Price needs to hold here at these lows and work back to the topside closing back in the range to continue bullish. More candles will tell the story.
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That was the PA I wanted to see. Daily rejected 0540. Will look to see if London sets up bullish.
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Starting to get interesting
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Good opportunities this session. Good outcome with 1st set up of the week 330-4 london session
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Watcing to see if NY gets a chance watching 0580 level
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Price behaved very nicely today. Levels held and produced 2 great sessions. Predictability will diminish with news releases Wednesday and Thursday. Will look in London tomorrow for one more possible buy set up and after that will step back and let the dust settle. Will be watching 0580-90 levels tomorrow.
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Wed 540am NY time: As expected price had ranged ahead of news. No London pa to engage. Gonna let the news do its thing.
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Wed 6pm NY: Good luck to anyone jumped in today. Still got my runner from Tuesday London and did not participate in this nasty seek and destroy profile. That said, one more news release tomorrow 830am and hope to see clean pa. Will consider Ny open or London close trades if pa is good. Still got my eye on 0680. Sell side price is very balanced so returning to the range would sour my bullishness and would lean toward consolidation profiles. If lows are run again need to see immediate rejection to remain bullish.
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Thurs 10/12 512am: Possible late London Session rally here. Not an A+ setup. Don't like late start and slow to move out of current range.
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I abandoned ship. No go for me. Will wait to see what news does.
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I will be watching range of 0598-0608 as possible rally point for higher prices in NY session.
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Wild day. Price Blew right through levels. Took a reduced risk shot, small set back.
Need some more candles now. See what tomorrow morning looks like. Swing low forming on the weekly won't be confirmed until clear rejection. Trading at the discount of previous range atm. Bullishness not off the table but price is at a key level. Next few days will tell the story so in the meantime session trades with fixed tp levels will be the protocol. Cation will be taken following large range days. Monday low of week Thursday capped the range so tomorrow is lower probability.
Need some more candles now. See what tomorrow morning looks like. Swing low forming on the weekly won't be confirmed until clear rejection. Trading at the discount of previous range atm. Bullishness not off the table but price is at a key level. Next few days will tell the story so in the meantime session trades with fixed tp levels will be the protocol. Cation will be taken following large range days. Monday low of week Thursday capped the range so tomorrow is lower probability.
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Price is chopping after large range day. Not going to participate in that. Eyes are on 0525 level. If we get a clean break and close below on the daily chart it will confirm for me the bullish retracement is over and lower prices likely into 104. Once again analysis was not correct but still managed a blue week base off of a bullish leg.
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And it's a wrap. Caught a NY set up that I couldn't turn down. Ended week firmly in the blue and the close below 0525.....