My bias shifted to the shortside, following the movement lower in the New York Session yesterday.
Targets and annotations made in the chart. 16825 possible short targets.
expecting the follow through lower during the New York Open.
Key anticipation: London Medium News driver as the catalyst lower.
Key levels and annotations made on the chart.
Once the stop level of 16996.3 is breached, the idea is invalidated.
As usual, manage risk and conserve capital.
Targets and annotations made in the chart. 16825 possible short targets.
expecting the follow through lower during the New York Open.
Key anticipation: London Medium News driver as the catalyst lower.
Key levels and annotations made on the chart.
Once the stop level of 16996.3 is breached, the idea is invalidated.
As usual, manage risk and conserve capital.
Comment:
Partial level achieved, scaled out some positions and minimized risk
Comment:
Profit target 1 achieved, stop to breakeven or better
Comment:
If you missed the entry during the London session, this could be a probable opportunity to enter shorts or scale in more positions at the entry level 16951.6
Trade closed manually:
Momentum long, closed all positions before the stop is reached