Range Bound July Fade The Breakout

15 juil.

Now that CPI has traded and closed below the monthly open, I am eager to see Wednesday's price action. I believe this is the Low of Month/Mid Month Reversal to trap shorts selling down low. Since the trend is bullish, I want to see buyers step in and pivot away from that low. Trap and shift.

I don't know how far it will go out of balance before/if snapping back inside for the trap and shift.

Tuesday's Daily candle is a signal day as a down day in a range bullish trend. It will either have more follow through or get bought back up.

I will be looking for a buy low opportunity Wednesday.

16 juil.

Transaction en cours

Long using the 2 Hour Doji and the Bull Hammer

44,187

Stop 120 ticks
Target 600 ticks

5 to 1