Current Trade I Am In.
Looking for a break of market structure below target 1 and the double bottom that the market engineered.
Originally the Double bottom was my only target then I saw the inefficiency the market had left. The 4 hour chart had shot up very quickly and then on the 1 hour chart I noticed that price had been putting in higher highs but then suddenly run stops down to break some of the lows and then leave an area of liquidity.
If price does not react well around target 1 and show me a significant break in MS I will cut the trade short.
I am currently trading against the dollar strength I am reading from the $USDX/$DXY however I have noticed that this pair has been quite resistant to my dollar bias at times due to the parity with oil
Looking for a break of market structure below target 1 and the double bottom that the market engineered.
Originally the Double bottom was my only target then I saw the inefficiency the market had left. The 4 hour chart had shot up very quickly and then on the 1 hour chart I noticed that price had been putting in higher highs but then suddenly run stops down to break some of the lows and then leave an area of liquidity.
If price does not react well around target 1 and show me a significant break in MS I will cut the trade short.
I am currently trading against the dollar strength I am reading from the $USDX/$DXY however I have noticed that this pair has been quite resistant to my dollar bias at times due to the parity with oil
Trade closed: target reached:
target 3 was near enough hit and i exited the trade at 1.292