Unfortunately missed the last supply zone (blue) and thus wont be happy to sell until we test a fresh liquidity zone. Again, looking for 1R on a core position, and will be holding a smaller position for a potential larger move.
Looking for a potential bounce on the first test of this new demand area that preceded that rally. Resting orders placed in the market with small risk (not at my desk!!) but will take this as a 1R trade.
Cable has broken into a new daily demand zone, and thus looking for longs on a re-test IF I see evidence of buyers . This will come in the form of a bullish engulfing candle!
Potential for a move higher after we have seen confirmed buying at daily demand area. Wary about NFP's today so although I will be taking the trade, will only allocate 0.5% risk to it.
The ES-Mini has a distinct tendency to bounce off high volume areas on the first re-test. Im watching around here for a reversal pattern - NOTE this is not yet a buy call as no signal has been seen as of yet.
Watching this area closely for signs of buying activity.
Lovely setup came in and swung to target. Easy 1.7% gained on this with a 1.7:1 risk reward. Price came into a daily demand area, and thus was looking for price action to confirm the presence of buying. We made a higher low meaning buyers were no longer willing to wait for price to come back before hitting the market with an additional confluence of a bullish...
