NB This is an HOURLY IDEA!
So Wednesday can be a tricky day!
We have a bunch of FOMC stuff going on today. This means that the chart can get disrespected in many ways before one's desired move happens.
For this reason we are scalping again.
Which ever way they want to manipulate price before the real move for today and perhaps the rest of the week, will present a good trade in it's self.
If price is due to continue up, By all means expect a good manipulation down before price moves up and visa versa.
We are reaching for a manipulation up before a drop.
1853-1855 IS AN IMPORTANT LEVEL TOO SO THE FACT IT HAS HELD CAN SEE MORE DROPPING BEFORE THE RISE. (holding partial shorts from 1853)
(It only dropped 100 pips or so from the high it made yesterday however)
On this hourly idea, we are looking at the chance that price will get blasted up to 1860-1862 range by around lunchtime UTC and if it doesn't, Our stops are very tight. (20 pips at most)
If it fails to launch from here then we are looking at 1838.5 to try for another long. beating that our Short targets of 1818-22 will be the next place we will look to go long
The only reason we felt it safe enough to try for another hit to the upside from here is that the 4 hour timeframe has just had the body of Green Vector recovered and hasn't just yet closed in this box below in the 4 hour. Only the hourly candles 07:00 UTC and 08:00 UTC closed in this box below. We have seen some smaller tf manipulation that suggests price will continue up, at least to retest the top and if not to rally to a new recent high.
Good Luck guys!
This is not financial advice and should be taken with a pinch of salt!
So Wednesday can be a tricky day!
We have a bunch of FOMC stuff going on today. This means that the chart can get disrespected in many ways before one's desired move happens.
For this reason we are scalping again.
Which ever way they want to manipulate price before the real move for today and perhaps the rest of the week, will present a good trade in it's self.
If price is due to continue up, By all means expect a good manipulation down before price moves up and visa versa.
We are reaching for a manipulation up before a drop.
1853-1855 IS AN IMPORTANT LEVEL TOO SO THE FACT IT HAS HELD CAN SEE MORE DROPPING BEFORE THE RISE. (holding partial shorts from 1853)
(It only dropped 100 pips or so from the high it made yesterday however)
On this hourly idea, we are looking at the chance that price will get blasted up to 1860-1862 range by around lunchtime UTC and if it doesn't, Our stops are very tight. (20 pips at most)
If it fails to launch from here then we are looking at 1838.5 to try for another long. beating that our Short targets of 1818-22 will be the next place we will look to go long
The only reason we felt it safe enough to try for another hit to the upside from here is that the 4 hour timeframe has just had the body of Green Vector recovered and hasn't just yet closed in this box below in the 4 hour. Only the hourly candles 07:00 UTC and 08:00 UTC closed in this box below. We have seen some smaller tf manipulation that suggests price will continue up, at least to retest the top and if not to rally to a new recent high.
Good Luck guys!
This is not financial advice and should be taken with a pinch of salt!
