With getting back into the swing of thing during the election week one is carfully analyzing the market each retrace. The overall monthly trend is bullish but these pull back are necessary for new highs.
As we can see a regain of strength of the bears, pre market we have seen heavily consolidation. With multiple confirmations, the time is 8:50 and we shall update once the market opens
From last weeks sell idea, it seemed to respecty the consolidation area. With reaspect to the charting will be including wicks to ensure a larger more accurate supply/demand zone. Overall bullish with making more highs but expecting a mild consolidation
As we continue to make more HHs there are opportunities that present themselves. The Green line is a measurement of the average of set of previous candles. Overall bullish but currently intraday sells pre market.
As we enter the open and coming off positive news, utilizing the 1H random line as an area of support. We can find another entry that will be favorable with minimal draw down. Sticking to a strict 1:3 minimum with potential for continuation. The TP Extension based upon previous 1H retrace.
As one can see we have made a solid support at 38.2 and looking for an TP at an 122 extension zone. Everything drawn on 1hr based on 4hr projection with a 15min to 5min entry based in supply or demand zones on those lower time frame.
Mainly focusing on an overall bullish trend, looking for sells into after hours into liquidity areas
Took a hiatus and seeing where I stand, these trades are not taken but ideally for 8:30am to 12:30pm
TEXT BOOK TRADING Been watching and waiting, and now my time is here from last week.
With a further continuation of GU I have entered a 2.0 lot trade. Will need significant DXY movement to push past consolidation area. Will attempt to scale in more orders at key levels.
After the major retrace earlier this week, very bullish on these trades and plan to hold extension into the weekend. Will post further updates
Been a while since on the charts interesting push stemming from the recent FOMC news. Have a 1:3 Ratio with an extension and possible more entries.