UDSWTI - Range Trading

29 sept. 2017

AB is the Range confirmed by CDEF pivots. E and F are just the push backs as they are not broken yet and hence counts as pivots inside range boundary. However when E or F is broken below are the expected scenarios .

Scenario 1 : Acceptance - Orange arrows
Break and Acceptance of 'E' will give a Long setup
Break and Acceptance of 'F' will give a Short setup

Scenario 2 : Unacceptance - Green arrows
Break and Unacceptance of 'E' will give a Short setup
Break and Unacceptance of 'F' will give a Long setup

Scenarios marked on the chart are Simple pullback price movement pattern, but price could also turn into Complex pullback. However Bias remain same in both case.

Note: The decision to enter a Long or Short based on Acceptance or Unacceptance will be done only after the priceaction observation post break of Swings 'E' and 'F'.

29 sept. 2017

Ordre annulé

Disregard the entire idea as i missed considering certain pivots prior to A B .