EURUSD - Roads to the mastering of positional play
(an affinity between 'C' legs and 'impulsive' swings.... patience pays)
1. Counter the false conception that every single break lower has to produce an immediate effect; waiting plays and methodical moves are totally justified.
2. Recognise the idea of prevention in this breakdown as being a key reversal in play! With this in mind, the struggle for sellers to keep buyers from breaking up, and in doing so preventing any sense or organisational defence to your position is just asking for trouble. Technically we are at a very important point, a lot of air above till 1.19 and 1.21.
3. Have tremendous respect for wave strategy, avoid any premature moves, when the timing is right, begin to flank your opponent and play to operate under the watchword of centralisation.
4. Aim for a total swing, if you are not in from 1.161/1.162, 1.168x, still a great deal of mobility in the risk to reward at these levels. The barrier at 1.15 on the one side, with very little till 1.21 to the other.
5. Get used to inflation becoming the restraint of ECB; do not let Lagarde lip service approach intoxicate your decision making.
6. What is important here to remember, play is an attack, not defence, but only momentum!
For those who were following the earlier stages in this leg, we are trading a very similar setup to:
1. Counter the false conception that every single break lower has to produce an immediate effect; waiting plays and methodical moves are totally justified.
2. Recognise the idea of prevention in this breakdown as being a key reversal in play! With this in mind, the struggle for sellers to keep buyers from breaking up, and in doing so preventing any sense or organisational defence to your position is just asking for trouble. Technically we are at a very important point, a lot of air above till 1.19 and 1.21.
3. Have tremendous respect for wave strategy, avoid any premature moves, when the timing is right, begin to flank your opponent and play to operate under the watchword of centralisation.
4. Aim for a total swing, if you are not in from 1.161/1.162, 1.168x, still a great deal of mobility in the risk to reward at these levels. The barrier at 1.15 on the one side, with very little till 1.21 to the other.
5. Get used to inflation becoming the restraint of ECB; do not let Lagarde lip service approach intoxicate your decision making.
6. What is important here to remember, play is an attack, not defence, but only momentum!
For those who were following the earlier stages in this leg, we are trading a very similar setup to:
Trade closed: stop reached:
...completely wrong here -need to do a fresh up of all maps over the coming days
