First of all, look for DXY that's our anchor!
There are two possible scenarios in my trade plan:
1. Price quickly retest the flip zone marked in yellow colour, we look for short opportunities on smaller TFs, e.g. 1H or 30m. The trade idea is mainly based on momentum and trend.
2. Price violated the flip zone, then we look for short opportunities on the top of the range. The trade idea is based on range structure.
Plan your trade and trade your plan. Watch how price react to key zones, otherwise, just ignore it unless new zones formed.
There are two possible scenarios in my trade plan:
1. Price quickly retest the flip zone marked in yellow colour, we look for short opportunities on smaller TFs, e.g. 1H or 30m. The trade idea is mainly based on momentum and trend.
2. Price violated the flip zone, then we look for short opportunities on the top of the range. The trade idea is based on range structure.
Plan your trade and trade your plan. Watch how price react to key zones, otherwise, just ignore it unless new zones formed.
Comment:
Price approached the 'pullback short' area with a staircase style which I don't like. It met with a little resistance before taking out the zone. Now price has formed a new zone for short setup as marked in the chart
Trade active:
Comment:
Now 1:2 has been hit. this is a 15m TF, target 1 should be at the nearest control low
Trade active:
My range trade setup has been triggered. Already got 1:1
Trade closed: target reached:
It's a 1:3 trade. My range setup works very nice.
plan your trade and trade your plan
