Formational Rule:
Anticipating swing price to the upside, after making a new daily low last Friday and breaking Thursday low. There is a sense of divergence in volume for a high probability of change of direction with momentum from prior weeks. Minus the volatility.
Waiting for price to float to 96.60% level
When price gets to the level, wait for candlestick pattern to formate a 15 minute reversal pattern to manage multiple positions. Or a 1H engulfing candlestick rejection to the upside.
Target is a full symmetrical swing, from the pigment of price volume profile. Large order are found at 1.1960 for price to limbo
If rules are not met do not put a trade
Trade at your own risk
Anticipating swing price to the upside, after making a new daily low last Friday and breaking Thursday low. There is a sense of divergence in volume for a high probability of change of direction with momentum from prior weeks. Minus the volatility.
Waiting for price to float to 96.60% level
When price gets to the level, wait for candlestick pattern to formate a 15 minute reversal pattern to manage multiple positions. Or a 1H engulfing candlestick rejection to the upside.
Target is a full symmetrical swing, from the pigment of price volume profile. Large order are found at 1.1960 for price to limbo
If rules are not met do not put a trade
Trade at your own risk
Comment:
Rejected right at open. Waiting for price to push deeper through lower levels
Comment:
More buyers came in, as of result of adding more orders to the upside levels. Still looking for swings on this pair
Trade closed: stop reached