Price has arrived at the bottom of a range (of sorts) and there will definitely be a large amount of traders that are longing where price is right now.
A buy order has been placed near the bottom of the wick of the previous test to take advantage of any stop hunt if it occurs. If triggered into this trade, will most likely be in it for the long term - however targets may be adjusted depending on what kind of price action develops along with the trade.
A buy order has been placed near the bottom of the wick of the previous test to take advantage of any stop hunt if it occurs. If triggered into this trade, will most likely be in it for the long term - however targets may be adjusted depending on what kind of price action develops along with the trade.
Comment:
There is a setup to the downside that we might get triggered into before catching the big trade to the upside
Comment:
After further analysis, I have changed the targets for this trade to the below. Main reason behind this is I expect alot of seller to come into the market at 143 and would like to be out before this happens. We are yet to be triggered into this trade anyway for the time being.
Comment:
Order cancelled:
Orders removed, the consolidation here signals a further move lower to the 138.8 level in my opinion
Comment:
Looking to take advantage of possible down move with below setup