Because the next leg in the current shoulder formation is an upward leg. It is possible to continually take long entries at internal pivot levels shown on the 15-min Chart above to target 20-25 pts higher, and recur. Close out and stand out early Asian session tomorrow. (FMOC fundamental).
The Fixed risk measure shown (yellow) can be used for placing stops /hedges for each trade.
The thick dotted red line, is this week's upper limit. The market should be recessed tomorrow (FMOC - Dollar strength), so stand down, as a retraction into a shoulder level would enact tomorrow. But likely for the TREND to continue Thursday & Friday. (will keep posted).
Profitable Trading
Summerset.
The Fixed risk measure shown (yellow) can be used for placing stops /hedges for each trade.
The thick dotted red line, is this week's upper limit. The market should be recessed tomorrow (FMOC - Dollar strength), so stand down, as a retraction into a shoulder level would enact tomorrow. But likely for the TREND to continue Thursday & Friday. (will keep posted).
Profitable Trading
Summerset.