What I see coming for this chart is sells.
Why?
The market got to the high and started selling and we can clearly see that with the bearish properties on the chart(LL & LH) and this this how long I will hold the trade if I get either of the confirmations.
How will I enter?
due to the two confirmations
1:the flip zone, a retest on the support to form an resistance.
2:the third touch on the trendline.
I will hold until the tp area.
anything can happen use proper risk management
Why?
The market got to the high and started selling and we can clearly see that with the bearish properties on the chart(LL & LH) and this this how long I will hold the trade if I get either of the confirmations.
How will I enter?
due to the two confirmations
1:the flip zone, a retest on the support to form an resistance.
2:the third touch on the trendline.
I will hold until the tp area.
anything can happen use proper risk management
Trade active:
took my trade the CPI reported higher the expected but i think it was in attempts to market grab but the trend has prove to be stronger than the news event. again use proper risk management cause anything can happen at this point but i took it here and planing to hold until where i marked on the update and kill the set up