It is Likely we will see a Continuation of Momentum.
This is due to the previous 4hr candle being a large engulfing candle.
It is likely we see more red on the current NY Open 4hr candle, or on the later 4hr candle.
Probabilities speaking.
Price has Continued to Respect Market Structure on Higher Timeframes ->> Daily Timeframe.
4Hr There is Momentum, alot of red candles, alot of sellers sitting patiently to jump on the train at 1.067
I think they are looking for 1.055. We'll see.
This is due to the previous 4hr candle being a large engulfing candle.
It is likely we see more red on the current NY Open 4hr candle, or on the later 4hr candle.
Probabilities speaking.
Price has Continued to Respect Market Structure on Higher Timeframes ->> Daily Timeframe.
4Hr There is Momentum, alot of red candles, alot of sellers sitting patiently to jump on the train at 1.067
I think they are looking for 1.055. We'll see.
Comment:
Trade closed manually:
Trade 1 : +3R
Trade 2 : -1R
Commissions : -.48R
Net : +1.52R
Trade 2 : -1R
Commissions : -.48R
Net : +1.52R
Trade closed manually:
Trade 1 : +3R
Trade 2 : -1R
Trade 3 : +1.37R
Commissions : -.72R
Net : +2.65R
Trade 2 : -1R
Trade 3 : +1.37R
Commissions : -.72R
Net : +2.65R
Trade closed: target reached
