watching price flows, no time for a trade yet
Though we can look at this chart both to the long and to the short (and that is usually a good thing), I am looking to go short against the upper median line with a stop above the recent highs and a target of the lower median line.
I am long, target at the blue median line, but I might not hold the position over the weekend; so if there is resistance at 1.04 I might just close the position. I had gotten long close to the lower parallel.
my sell setup of a test an retest; my actual trade is off of the 20 min chart, but this is enough of the same
Selling a retest of the upper median line
Looking and watching now for a test and retest, if I get it, great, I'll post my trade setup, if not, fine, I'll keep watching structure and price action.
Price has found resistance at the Reaction Line. There is some weakness coming in. This is what I will be watching over the weekend, if weakness is confirmed, then owing to the fact that price has turned at the multi-pivot line, I will be looking for a test and re-test at the Reaction Line with stops above that multi-pivot line. My target would be the Center...
Buying the switchback with stops below the recent lows - target at the median line
My current trade setup (if I get into the position). Though the R/R is less than I usually like, I like the setup enough to have this lower R/R
I am watching the confluence point to see what price does