pbmalla77

HOW I READ THE MIND OF THE MARKET?

Long
pbmalla77 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar

1. WHY I AM LONG?

USDX AND ALL MAJOR DOLLAR PAIR MOVING HIGHER. ORDER FLOW BULLISH .

2. WHERE IS THE MARKET AT BASIC PRICE ANATOMY?

AT THE EXPANSION PHASE ( UP TREND, BULLISH). HUNTING FOR BULLISH LONG PATTERNS.

3. WHAT SUPPORTS THE IDEA?

AT DAILY BULLISH RECLAIMED BLOCK, NEUTRALIZED WEAK LONGS ( RED PERSON, RUN PREVIOUS DAY STOPS)

4. HOW I INTEND TO ADD ANOTHER POSTION ?

GREEN BOX ( MANIPULATION) . MARKET MOVED VERY QUICKLY LOWER TO RUN STOPS AT PREVIOUS DAYS LOW AND A REJECTION AT
RED BOX. MARKETS WILL MOST LIKELY RUN HIGHER ABOVE GREEN BOX ( SHORTS PROTECTIVE STOPS RESTING).
IF PRICE BREAKS ABOVE THIS GREEN BOX EITHER GO LONG RIGHT AT THE BREAK AND CLOSE ABOVE THE GREEN BOX OR WAIT UNTILL PRICE
RETRACES BACK INTO THE GREEN BOX FOR LONG.


Trade active:
ABOVE THE GREEN BOX :TRADERS WHO ARE ALREADY SHORT

WHEN PRICE MOVES HIGHER TOWARDS THE GREEN BOX: BREAK OUT TRADERS WAITING TO GET LONG.

PRICE BREAKS AND CLOSE ABOVE THE GREEN BOX. TREND TRADERS WAITING TO GET LONG
Trade closed: stop reached:
stopped out!
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