Please note the following rules below for entry to the downside:
Price action remaining below the .95550 level
Price action breaking out of the green to the downside, and preferably closing below it.
Enter on momentum below the
Profit whatever you can get, but the .94750 and the .93900 level are the two targets for this play
Stops at around .95750
This trade will lose its potential if the first rule becomes no longer applicable. For example if momentum pushes price action substantially above the .95550 level.
Please note the following rules below for entry to the upside:
Price action remaining above the .94800 level, and better yet within the green
Price action breaking out above the previous highs, and preferably closing above the .95550 level
Enter on momentum above the .95550 level
Profit whatever you can get, but the .96450 is a good target
Stops at around .94700
This trade will lose its potential if the first rule becomes no longer applicable. For example if momentum pushes price action substantially below the .94800 level.
You will find that my style of trading often holds a greater risk than reward, however the potential of price action moving in the favor of my position where profit can be liquidated and banked before price action moves against me is very high when the rules are followed.
If you find yourself liking my style of trading please feel free to follow me as I will post potential trades like this rather frequently.