The marKet seems like it tapped into a nice demand zone and could possibly push higher for the next 2 trading sessions. We'll see how it plays out.
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USDCHF moving NICE, had to make minor stop adjustment with the flow with the ASIA session, ASIAS session was just an opportunity for me to had a few more lots to the trade. 7 positions open and all at BE
@meraxys, Still early in the session, no real market volume/momentum right now. if it pushes below last week's low, rejects, and prints a pin-bar candle or retraces with a bullish engulfing candle that would be a good place to add a 2nd position.
Pretty confident with this trade.
hadukadu
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@ikonicinvst Still have to wait to see some HH formations. Still early; also have a bullish setup
ikonicinvst
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@hadukadu, The trade is not based on a change of trend, no HH or HL need, it's about liquidity hunt, so my thought process is that we will get some buying through Asia and possible Euro session (there could be some pending sell orders and stop-loss orders sitting at the highs) and then a selloff during the NY session, depends on how fast the market can get to the levels I have marked off in on the chart. just how I see it playing out but you already know this sucker can go any way but I'm ready. I'm currently in the trade to the upside, if in profit I'll move my stop around 20-30 pips, if stopped out and I see much bearish pressure I'll reassess the market at that time. but remember the Asia session is the worst session, it typically just moves sideways.