G'day watching price action though 3.09 zone. The possibility that the breakout move 18 SEP could be a Wyckoff UTAD.
Trade active:
holding. Stops 3.09.
Anticipate possible bounce/ consolidatoin of 3.0
Look for sell opportunity for breakdown <3.0
Anticipate possible bounce/ consolidatoin of 3.0
Look for sell opportunity for breakdown <3.0
Comment:
Retest of 3.0 appears to be complete.
Sell strength against LH
Sell strength against LH
Trade active:
Took profit - perhaps didnt have the nerve to hold though the re-test?
Have sold 2.95 against the high of the re-test.
Have sold 2.95 against the high of the re-test.
Trade closed: stop reached:
Shorted at 2.95 stop was hit at 3.00 overnight.
Is this a retest of breakdown or shake out before a thrust higher?
Is this a retest of breakdown or shake out before a thrust higher?
Will the move up corrective??????