Expecting a price to move higher, run stops on previous 3 days high into structure level for sell. As price was moving inside the structure area, took a sell at market and got filled. Set stop loss and target. Some paired with euro suggests is moving higher, some at support/resistance level. Not a clear sign if the euro is strong. Is price moving higher due to...
At daily level, I view this a big money dealing range and key support level. I expect large funds/market makers/long term bulls will likely load position to run prices higher. My expectation is a push higher to fill voids and run for stops on weak short sellers.
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Check list: Based on Daily levels
What phase is the market at recently? Accumulation, distribution , trending
Where are obvious levels of support and resistance? Most touches
Where they any parabolic moves higher or lower at the level of significance? Stop runs ( Ex: If long, weak longs stops hunted and moving higher)
Pattern recognition? Repeated Patterns...