We're examining the 30 minute timeframe, showing data from last week here.
We have a line showing the open to open trayectory of each day, with prices above this line, labeled in green, and below it, red. This shows us how each day's activity impacted sentiment, despite making a mostly sideways path, eventually closing up for the week.
We had a dramatic shift in sentiment, between Thursday and Friday, with the bulls emerging as clear victors.
I anticipate a rapid acceleration of price, hitting the target on chart initially, before any kind of retracement is likely. So, as a short term trade, additional to the longer term entry we took on Friday, we can add to longs on a break of 1.12506, with stop at Friday's close minus 1 tick, aiming for 1.13164 to exit.
Good luck!
Ivan Labrie.
We have a line showing the open to open trayectory of each day, with prices above this line, labeled in green, and below it, red. This shows us how each day's activity impacted sentiment, despite making a mostly sideways path, eventually closing up for the week.
We had a dramatic shift in sentiment, between Thursday and Friday, with the bulls emerging as clear victors.
I anticipate a rapid acceleration of price, hitting the target on chart initially, before any kind of retracement is likely. So, as a short term trade, additional to the longer term entry we took on Friday, we can add to longs on a break of 1.12506, with stop at Friday's close minus 1 tick, aiming for 1.13164 to exit.
Good luck!
Ivan Labrie.
Ordre annulé:
The expected breakout never came, so we didn't get in.
Commentaire:
The same breakout trade is valid now. (I prefer the daily stop though, check my other post)
