Yesterday was a narrow range day with price making a double bottom right when day starts and wiping the liquidity from yesterday with that wick. Placed sells immediately after 15 minute close due to Monday's liquidity being taking out. Targeting weekly low liquidity. Possible second target 25 pips under that. Any thoughts?
Past 3 days we've been going down, keeping traders to short the market down to weekly lows. Third level/day of drop gives us a push down under .92000 to .91750 for 25 pips, further more trapping sellers down below in a "trending down market" before reversing price back above .92000. Placed sells earlier at yesterday's low with 25 pip stops. Targets are blue...
Tuesday shows a peak formation high with Monday's low and last weeks low being liquidity. The peak formation is identified due to price action blasting through double zeros (1.28000) and hitting the high 3 times before dropping. I'm taking a short and taking partials off the table as the chart shows. Any thoughts?
Monday formed a low of week. Wednesday And Thursday set the high of week with Major news (catalyst) being on Thursday. This formed a M between Wednesday's and Thursday's high. This causes the market to reverse from bullish from Monday to bearish due to the M reversal pattern. Placed a sell at today's high of day. Targeting Monday's low. Any thoughts?
In this bearish channel we have confirmation of a reversal in the area shown. Just a idea. :)
Still waiting confirmation. Target is 1800