I will be targeting the London Low. The trend currently is SHORT, not taking any counter trend trades or any LONGS until i see some weakness in the DXY
EJ is still looking bullish for now. I have identified 2 points of interest. It just depends on which area will hold & have a reaction from. If we get the continuation from the first reaction I will take a small long trade targeting around 40 pips.
I saw that the Asian low was swept. The previous day low was also taken. Will look for a long position until the london open price
Scenario A or B? This will be very interesting to view from this week.
Trade idea - failing to make new highs - bounced of the top of the consolidation on higher TF
Possible hanging man on the 4hour time frame. Price also has broken the bullish trend and has started to retest previous structure.
Possible Hanging man at the end of the 4hour chart? Looks like it has broken the bullshit and has come back for the retest.