Depending on the result of todays candle i have two options, one with a straight short and one with a long idea.
Starting from last week all Indexes are rising non stop, US100 is at the current important stage where we are now. 15300~ is the Daily crucial zone which will be considered A) a trend reversal back down as a retracement or B) breaking the down TL to continue up.
Said "Retracement", my speculation is bullish on a long run until 15800 (until 16300 but lets not keep ourselves ahead) , due to the fact that on HTF 14680~14570 area has been a Major support retested twice and couldn't create another LL to continue the down trend. Yes double bottoms can be broken after sometime. But lets act on what we see as the current stage.
We will find out today which option will be active after the CPI news.
If we follow option (A) we have to see the price respecting the -OB or breaker block to reverse and closing the 15300~ without any full body exceeded.
If non above matters we follow option (B) the body shall be fully closed on a daily hour and look for an entry after a pullback retested.
During the wartimes, there will be lots of confluences that we can't consider.
So lets manage the risk.
A peace.
Starting from last week all Indexes are rising non stop, US100 is at the current important stage where we are now. 15300~ is the Daily crucial zone which will be considered A) a trend reversal back down as a retracement or B) breaking the down TL to continue up.
Said "Retracement", my speculation is bullish on a long run until 15800 (until 16300 but lets not keep ourselves ahead) , due to the fact that on HTF 14680~14570 area has been a Major support retested twice and couldn't create another LL to continue the down trend. Yes double bottoms can be broken after sometime. But lets act on what we see as the current stage.
We will find out today which option will be active after the CPI news.
If we follow option (A) we have to see the price respecting the -OB or breaker block to reverse and closing the 15300~ without any full body exceeded.
If non above matters we follow option (B) the body shall be fully closed on a daily hour and look for an entry after a pullback retested.
During the wartimes, there will be lots of confluences that we can't consider.
So lets manage the risk.
A peace.
Comment:
Leme know what you think ;)
Comment:
you see how important the current price is? It was floating here the whole day.
Comment:
Fallen 50 pips after news. putting BE will ya
Trade closed: target reached:
This chart is on fire. Boom.
You can't have it better.
Trusting your process.
You can't have it better.
Trusting your process.