I will wait for price to retrace back into the blue box for short.
Idea based on short bias. 1. I want to see price move higher run stop and intermediate highs (Red x) into the green box for sell. 2. I will allow price to move up to DEQ level. If price breaks and closes above the DEQ level, short setup no longer valid.
Dollar up/ Foreign currencies down Dollar down/ Foreign currencies up
This idea based on long bias.
Strategy based on long bias: I want to see price create a higher low swing and price to move higher. I will wait for stop hunt at this swing point inside the Daily Fair market value and weekly open and go long.
What I want to see for me to get short. 1. Price moves quickly higher and breaks above the clean highs ( red line, weak short stops resting) into the weekly open. 2. If price continues move higher and runs stops on most recent week high. I will wait for PA to form my bias.
I will let the chart depict itself.
I will wait for price to move back into 1.16384 for a sell. I will only hold my position until London close. ( 11am NY time)
I will wait for Price to move higher into Weekly open for a short. If I am correct and price moves in my favor. I will scale off position at most obvious support and resistance areas and trial my stops and hold my position until Friday close.
How I plan to get long or short. UP Down US dollar Foreign currency Foreign currency US Dollar
Thanks to TRADERSZ.. This in mind. Expecting a expansion on the upside EUR/USD, GBP/USD.
Bias Short What I want to see for me get short: The fast move higher into the blue box ( accumulation area) and a quick rejection below. Any push back into blue box I will sell.
Study on how I track price in a trending market.