this is a countertrend, very early entry yet again so more risk of being hit so ill manage my SL and risk closer the time of Tokyo open.
id rather sell but i cant yet or not for me here.
Frankfurt and London is where ill keep an eye on most of the time and NY later in the day so its a "who will take the orginal downtrend later?"
Volume and high prices. discount is needed.
prices are so high so who is buying so high up? desperation? profit taking?
looking for a rollover on these timeframes short term.
very risky as the trade is open over a weekend = No sessions.
1st session for me would be Asia. lets see what they do.
Next week, or Sunday UK time i will be watching for Tokyo session open, Monday mainly for Frankfurt open and London open to get fuel out of this movement. CAD inflation favoured Negative. NO OVERWEEKEND trades due to swaps. NO trades now as all the markets are coming to a close for the weekend.
Still over extended, 7th continuation moved has stopped and the...
Really early trade here, Not in an ON market, Over extended, YoY CAD CPI news at 13:30,
Maybe NY will take this trade, CONS; No Asia session,
Tight SL for those reasons. If it goes higher then this will Feed not the demand but the supply
in an ON phase on the higher timeframes, just scouting for a refresh to resume the up flow, gauging momentum in-between S&Rs and Supply and Demand areas
