Okay, last week or so was pretty slow, and finally, I got the move that I printed in all last ideas - up.
The current setup is that we need another sharp move down, the catchy part is to know exactly where it could happen.
My personal thought process is that I will start to sell a break of 1534 previous Top.
Nice transition is laying at 1540.90 so anywhere below this transition, I will look for a selling opportunity.
The interesting part is that whatever is going on now, is setting up for next move up yet again with a possible new High at 1551.
But before that let's catch the sell move which is coming. Look left, see that Red spiky candle? Expect and focus on something like that now.
As I open trades I update this idea.
Good Luck.
The current setup is that we need another sharp move down, the catchy part is to know exactly where it could happen.
My personal thought process is that I will start to sell a break of 1534 previous Top.
Nice transition is laying at 1540.90 so anywhere below this transition, I will look for a selling opportunity.
The interesting part is that whatever is going on now, is setting up for next move up yet again with a possible new High at 1551.
But before that let's catch the sell move which is coming. Look left, see that Red spiky candle? Expect and focus on something like that now.
As I open trades I update this idea.
Good Luck.
Trade active:
2 standards at 1547.13 activated. Nice Gap up.
Comment:
P.S This is not the move. I am not interested in this. We simply got lucky with the gap up which gave a chance to sell at a higher price. I have put a BE on the trade so it has no risk anymore. But I am looking for more down.