CONCOR: Play The Channel

Price has been very consistently respecting the channel. Currently hovering near the lower end of channel.
Anticipating an up move from 1290 - 1305 support zone towards 1380 - 1385.
Also notice the bar frequency, It can used to project the target date near 6th Sep. 2017
Always have an escape plan if trade goes wrong.

Trade safe, be healthy.
Hit like if this information is useful.

Regards
Bravetotrade

Commentaire:

Nice bounce from 1294 to 1312 already
Trailing..

Commentaire:

I am expecting a 5 wave downmove, currently in 4th

Commentaire:

took partial profit @ 1317

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I ll exit on 1330 or 1308 whichever comes first.

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I am out at 1330

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I ll wait for another buying opportunity at a cheaper price.

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My expectation was for a pullback to buy but the strong momentum pushed it higher.
No problems..I had a nice profit and that is important.

Commentaire:

Buy order @ 1329

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Order cancelled, I ll look for price action.

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In at 1341 SL at 1337

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Looking for 1354-1355

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Out at 1354.50

Commentaire:

Nice 14 point scalp, still flying.

Commentaire:

I tried quick in and out in this trade due to the only warning sign that the current move from 1294 to 1355 has been supported by relatively low volume.

Commentaire:

Target achieved