Structure analysis - KOD setup - Elite Zone
Some basic explanation regarding the KOD setup the Elite Zone members received last Friday and today scored 200 pips (as initial target).
2.08 was a resistance level which we have monitored in the Zone during last week.
The first trade we had (1) was shorting that resistance zone after a small false break (small KOD)
The second trade (2) was to trade the huge false break once it dropped back below structure
The third trade (3) was following the big spike into 2.08, to short the minor structure (2.075). I left this trade open over the weekend and today closed partial position banking 200 pips in this trade
If you like this analysis and you want to have more of it, sign up for the Elite Zone today
www.themarketzone.net/
2.08 was a resistance level which we have monitored in the Zone during last week.
The first trade we had (1) was shorting that resistance zone after a small false break (small KOD)
The second trade (2) was to trade the huge false break once it dropped back below structure
The third trade (3) was following the big spike into 2.08, to short the minor structure (2.075). I left this trade open over the weekend and today closed partial position banking 200 pips in this trade
If you like this analysis and you want to have more of it, sign up for the Elite Zone today
www.themarketzone.net/