Anyhow, what we see here is that price broke above 120.00 resistance, and has now established a new range (Roughly $6-$10 wide). And price may make a pullback to support (Both horizontal & 200 Moving Average). If it does come back around the 120.00-122.00 area I will be looking to enter long, with a price target around the 125.00 / 126.00 area.
Just remember that this is simply being added to my watchlist. Reason being that I keep an eye on currencies / bonds / equities, so on average there is 200-300 instruments I check daily at the New York close. And from there I add about 10-20 instruments to my potential trade watchlist. That way it becomes much easier to manage potential setups. I will keep you guys informed if I take a potential trade off of my watchlist due to unfavorable price action, fundamentals, etc.
Thank you mate for sharing, ALL THE BEST :)
You scan through 200 - 300 instruments everyday, whao now that is some true skill you got Daniel. Amazing :)
Yea takes me about 1-2 hours to do so, and then from the "10-20 potential trades" I only end up taking like 1 or 2 of them. lol
Thanks for the comment tho bro, cheers to another week of trading! =D