PRELONDON SHORT
ENTRY BASED ON THE 5 min
break of low after testing most recent supply on the 15min
vol came in top of the hour
looking to take profit once price test indicated demand..
with the vol of pre london it may drive lower than the demand to take out swing low
stop is taking out the high that broke the candle low
also testing demand so price might jump from here
break even trade once price hits 10 pips looking to secure 18/20 and let the rest run
ENTRY BASED ON THE 5 min
break of low after testing most recent supply on the 15min
vol came in top of the hour
looking to take profit once price test indicated demand..
with the vol of pre london it may drive lower than the demand to take out swing low
stop is taking out the high that broke the candle low
also testing demand so price might jump from here
break even trade once price hits 10 pips looking to secure 18/20 and let the rest run
Comment:
trade stopped out.
Comment:
cut losses at 1% vol seemed to die out
ranging market on the 5 min…
price may still drop but i expected more vol with follow through
London open im looking for short into demand but won’t trade till i see that vol.
pre london had the potential but no follow through
i’m leaning more on the short side but if 160.000 hold i’m buying based on new demand at that level
ranging market on the 5 min…
price may still drop but i expected more vol with follow through
London open im looking for short into demand but won’t trade till i see that vol.
pre london had the potential but no follow through
i’m leaning more on the short side but if 160.000 hold i’m buying based on new demand at that level