this looks good thats the only concern i had all day when is it goin to safe to short with the market rules some much bull momo here
ForexDaGoat
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@CAPTAIND33, heck yeah! This will most likely tank back to the Demand Zone. Huge huge Pips!
CAPTAIND33
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@ForexDaGoat, whats your preferred TP AND SL ON THIS
ForexDaGoat
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@CAPTAIND33, this is an impulsive move. We are expecting the correction. If you zoom out 1 he we have HH, LH, HH. Dear the fib from the start of the impulsive leg to point B. Our reaction zones will either be 38.2%, 61.8% or 78.60%. With a stop loss just above the breaking candle high or above the inside bar zone content upon your lot size.
ForexDaGoat
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Ok so some of my words got screwed up!
If zoomed out we have*
Draw the fib*
ForexDaGoat
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@CAPTAIND33, our best bet is 61.8% as it is our price resistance zone which will now turn as support.