London Session -- London Volume pushed us hard back up to the Highs. Sellers caught as the Tide went out.
New York Session -- "Wait for me I want buys too"
London Close -- " Let's Buy I dont want to Miss out"
The "Breakout" was corrected shortly after as Buyers TP and Shorts Say " wait before we breakout we must come back down to earth" .
If we go up we are going to next weekly level at 1.145
If we go down this will be a triple top on the Daily Timeframe as this daily cnadle comes to a close and leaves a wick rejection failing to close above
yesterdays close as Shorts begin to get crowded as we prepare for a 1.095 retest once again. GDP will give us insight on where traders are setting up their positions to hold through Firdya's CPI data. Price is fooling around at the Highs of Structure. Shaking both sides.
New York Session -- "Wait for me I want buys too"
London Close -- " Let's Buy I dont want to Miss out"
The "Breakout" was corrected shortly after as Buyers TP and Shorts Say " wait before we breakout we must come back down to earth" .
If we go up we are going to next weekly level at 1.145
If we go down this will be a triple top on the Daily Timeframe as this daily cnadle comes to a close and leaves a wick rejection failing to close above
yesterdays close as Shorts begin to get crowded as we prepare for a 1.095 retest once again. GDP will give us insight on where traders are setting up their positions to hold through Firdya's CPI data. Price is fooling around at the Highs of Structure. Shaking both sides.
Comment:
Price is showing respect of our 1.1055 1Hr Zone and Weekly Level Confluence. How nice it is to watch play out as you have planned. How to create a system that takes advantage of new volatility ( Scalp) is another story. I didn't trade news for 2 Years because sitting on cash on the sidelines may be harder than you think. It gives you the opportunty to identify the psychology behind market participants. The volatiltiy is a double edged sword and necessary to lower risk. Not Advised. Educational Purposes Only.
