Bank holiday, so good day to trade.
What I can see here is
- S/R zone
- price gap
- price reaction (fighting with S/R)
so I think there is more probable go to up for a while than down.
Finally forex is about probability!
Actually it is kind of experiment. I am trying RR 1:1 based on S/R. It's not about being right, but about probability of reaction :) It's difficult to explain, but for me this place seems good moment for small reaction.
Actually there is nothing but correction, where I am too late, my entry should be in yellow zone... Well, I will try now - short SL but also short TP. I have two trades, bigger and smaller. And again - we will see! Statistics!
PS. One thing I am unhappy is low stoch ind -
Weekly - trend is down, daily - kind of console, so in long(er) term this pair should go down...
Green - are S/R zones.And this strategy is all based on SRs and fibo. Amber - SD zones (but not sure if I am doing this right...) Anyway, no HH, probably new LL (we will see) - we should go down. If SL activated and amber zone broken - maybe long...